Updated Sep 9, 2024
Walker & Dunlop Arranges $69.5M Construction Loan For Scotts Lawn Care Industrial Facility In Marysville, Ohio
12575 Industrial Parkway
$69,500,000
$53/SF
Building Size
1,300,000 SF
Asset Type
Industrial
Closing
Apr 26, 2023
About this deal
AI
An industrial facility in Marysville, Ohio, has secured a construction loan of $69.5 million. The 1.3 million square foot property, located at 12575 Industrial Parkway, is a build-to-suit facility for Scotts Lawn Care. The facility is in close proximity to the company's national headquarters in Marysville. Centennial Bank is the lender for this construction loan.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $69,500,000
- Address: 12575 Industrial Parkway
- Market: Marysville, Ohio
- Square Footage: 1,300,000
- Lender: Centennial Bank
The construction financing for this industrial facility was arranged by Walker & Dunlop, a real estate finance company. The brokers representing this deal are Chad Kiner and AJ Mangan from Walker & Dunlop. Crawford Hoying is the landlord for the property.
Players
Cleveland 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93