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Goodwin Road

Pinnacle Financial Partners Provides $28.83M Construction Loan For Industrial Asset In Apex NC
FINANCEDIndustrial

Pinnacle Financial Partners Provides $28.83M Construction Loan For Industrial Asset In Apex NC

Goodwin Road

$28,830,000

$94/SF

Building Size

305,470 SF

Asset Type

Industrial

Closing

Aug 14, 2025

AI

The property asset involved in this transaction is located at 0 Goodwin Road in Apex, NC. It is classified as an industrial asset, covering a total square footage of 305,470. The loan amount associated with this property is $28,830,000, provided by Pinnacle Financial Partners as a construction loan.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $28,830,000
  • Address: 0 Goodwin Road
  • Market: Apex, NC
  • Lender: Pinnacle Financial Partners
  • Landlord: Steven McCraney - McCraney Property Company
  • Brokers: Melissa Rose, Michael DiCosimo, Nicole Barba, and Ward Smith - JLL

The deal includes key individuals such as Steven McCraney, representing the landlord, and multiple brokers from JLL, namely Melissa Rose, Michael DiCosimo, Nicole Barba, and Ward Smith, who played a role in facilitating this transaction. Their involvement highlights the collaborative effort behind securing financing for this industrial property.

Players

Michael DiCosimo

JLL

Broker

$1.6B

vol

37 deals

Broker
JLL
JLLBrokerage
Pinnacle Financial Partners
Pinnacle Financial PartnersLender

Apex 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

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93