Updated Jul 22, 2026
Associated Bank Provides $7 Million Loan To Transport Properties And GFH Partners For Industrial Building
3003 Etna Parkway Southwest
$7,000,000
$93/SF
Building Size
75,250 SF
Asset Type
Industrial
Closing
Jul 21, 2026
About this deal
AI
The transaction involves a refinance loan from Associated Bank totaling $7,000,000 for an industrial property located at 3003 Etna Parkway Southwest in Etna, OH. The asset, which measures 75,250 square feet, is situated on a 20-acre site, featuring 7 acres designated for outdoor parking. The property was built in 2022 and is leased to Thayer Power & Communication.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Lender: Elizabeth Hozian - Associated Bank
- Landlord: Transport Properties & GFH Partners
- Loan Type: Refinance
Elizabeth Hozian from Associated Bank was responsible for arranging and closing the financing deal, ensuring the refinancing facilitated for the landlords, Transport Properties and GFH Partners, to maintain control over the leased property.
On the Map
$7,000,000
$93/SF
Industrial
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Players
Parkway 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93