IBorrow Provides $15.1M Loan For Industrial Property In Bismarck, ND
401 North 9th Street Bismarck, North Dakota 58501, Usa
$15,100,000
$30/SF
Building Size
499,759 SF
Asset Type
Industrial
Closing
May 12, 2023
AI
The industrial property located at 401 North 9th Street in Bismarck, ND has been involved in a closed transaction. The property spans a total of 499,759 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,100,000
- Market: Bismarck, ND
- Lender: iBorrow - Brian Good
The loan for this transaction was provided by iBorrow, with Brian Good representing them as the lender. The loan amount involved in this transaction was $15,100,000.
Players
Bismarck Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93