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JBA Equities Acquires Industrial Property In Henderson, NC For $6.4M Loan

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FINANCED
$6,402,500
Eli Terry
Jonathan Aghravi
+ 1

North Carolina

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MultiFamily196,086 SF
Financed 02/01/2022
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FINANCED

JBA Equities Acquires Industrial Property In Henderson, NC For $6.4M Loan

1133 Poplar Creek Road

See Similar Deals
MultiFamily196,086 SF
Financed 02/01/2022
Eli Terry
Jonathan Aghravi
+ 1
Contact now

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$32
Total Square Footage:196,086 SF
Transaction Type:Loan

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

Jonathan Aghravi
48 deals$1.6B volume(212) 366-0364
BROKER

Eli Terry
JBA Equities
18 deals$368.2M volume
BROKER

Timothy "Tim" Cox
JBA Equities
15 deals$456M volume
BROKER

Evan Srebrenik
JBA Equities
9 deals$118.9M volume(305) 978-2029
BROKER

Details

FINANCED
IMAGE: Jonathan Aghravi & Timothy Cox DATE: 12/5/2022 ADDRESS: 1133 Poplar Creek Road MARKET: Henderson, NC ASSET TYPE: Industrial ~ SF: 196,086 LANDLORD: Select Products BROKERS: Jonathan Aghravi (@JonnyAghravi) & Timothy Cox (@TimmyCox22) - JBA Equities (@JBAEquitiesLLC) LOAN AMOUNT: $6,402,500 LOAN TYPE: Permanent LOAN TERMS: Acquisition Financing – Flexible Structure

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,402,500.00

Monthly NOI$42,683.33
Monthly Debt Service$40,468.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00