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
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