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1133 Poplar Creek Road

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

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

Jonathan Aghravi

JBA Equities

Broker

$1.6B

vol

49 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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