Cushman & Wakefield Arranges $34M Refinance Loan For Ivy Realty & Lubert-Adler In Tinicum Township
10 Industrial Highway
$34,000,000
$54/SF
Building Size
627,252 SF
Asset Type
Industrial
Closing
Apr 29, 2025
AI
The asset involved in the transaction is an industrial property located at 10 Industrial Highway, Tinicum Township, PA, encompassing a total square footage of 627,252. The transaction pertains to a refinancing loan amounting to $34,000,000 for the property, which is part of a four-building complex that is 83.3% leased. This complex is strategically situated near Philadelphia International Airport and major highways.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $34,000,000
- Address: 10 Industrial Highway
- Market: Tinicum Township, PA
- Asset Size: 627,252 SF
- Lender: Blue Owl
- Landlord: Ivy Realty & Lubert-Adler Real Estate Funds
- Broker Representatives: Chuck Kohaut, John Alascio & Meredith Donovan - Cushman & Wakefield
- Loan Type: Refinance
Cushman & Wakefield facilitated the arrangement of the refinancing loan from Blue Owl for Ivy Realty and Lubert-Adler Real Estate Funds, enhancing the financial structure of this industrial asset located in a prime logistics area.
Players
Philadelphia 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93