Updated Dec 19, 2023
Black Bear Capital Partner Arranges $15.9M Refinancing For Industrial Property In Obetz, OH
4465 Industrial Center Dr, Obetz, OH 43207
Building Size
303,159 SF
Asset Type
Industrial
Closing
Oct 21, 2022
About this deal
AI
The 303,159 square foot industrial cold storage property located at 4465 Industrial Center Drive in Obetz, OH has undergone a refinancing transaction. The loan amount for this deal was $15,925,000. The loan was provided by a balance sheet lender.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,925,000
- Market: Obetz, OH
- Broker: Brandon Harris - Black Bear Capital Partner
- Loan Type: Refinance
The refinancing of this industrial cold storage property was made possible through a 7-year fixed rate non-recourse loan. The loan has a fixed interest rate of 4.625% and offers 12 months of interest-only payments. It also features a 30-year amortization schedule and a flexible declining scale prepayment option.
Players
Columbus Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93