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12800 Jamesburg Drive

MDH Partners Secures $23.3M Construction Loan For Northcross Commerce Center In Huntersville, NC
FINANCEDIndustrial

MDH Partners Secures $23.3M Construction Loan For Northcross Commerce Center In Huntersville, NC

12800 Jamesburg Drive

$23,300,000

Building Size

Asset Type

Industrial

Closing

Sep 20, 2023

AI

MDH Partners has secured $23.3 million in construction financing for the second phase of the Northcross Commerce Center in Huntersville, North Carolina. The industrial property, located at 12800 Jamesburg Drive, spans a total of 254,000 square feet. The loan was provided by TD Bank.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $23,300,000
  • Address: 12800 Jamesburg Drive, Huntersville, NC
  • Market: Huntersville, NC
  • Lender: TD Bank
  • Landlord: Jeffrey Small - MDH Partners
  • Brokers: Chris Drew, Jimmy Calvo & Taylor Allison - JLL

Chris Drew, Jimmy Calvo, and Taylor Allison from JLL represented MDH Partners in securing the construction financing for the Northcross Commerce Center's second phase. Jeffrey Small, the landlord and representative of MDH Partners, played a key role in the transaction.

Players

Christopher Drew

JLL

Broker

$4.7B

vol

48 deals

Broker
MDH Partners
MDH PartnersBrokerage
TD Bank
TD BankLender

Jeffrey Small

MDH Partners

Landlord

$287.7M

vol

4 deals

Landlord

Huntersville Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93