JBA Equities Acquires Industrial Property In Henderson, NC For $6.4M Loan
1133 Poplar Creek Road
$6,402,500
$32/SF
Building Size
196,086 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
AI
1133 Poplar Creek Road, a 196,086 square foot industrial property located in Henderson, NC, has recently undergone a closed property transaction. The property was acquired by Select Products, a landlord in the area, through the assistance of Jonathan Aghravi and Timothy Cox from JBA Equities.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,402,500
The loan provided for this transaction amounted to $6,402,500 and was of the permanent type. It offered flexible terms, specifically tailored for the acquisition financing of the property. The deal was facilitated by Jonathan Aghravi and Timothy Cox from JBA Equities, who represented Select Products as their brokers.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93