Michael Mandich Of Cold-Link Logistics Secures $33.9M Construction Loan From JLL In North Kingstown
1 All American Way
$33,900,000
$529/SF
Building Size
64,000 SF
Asset Type
Industrial
Closing
Mar 16, 2026
AI
The asset involved in this transaction is an industrial property located at 1 All American Way, North Kingstown, RI, with a total square footage of 64,000. The property is undergoing expansion as part of a construction project to enhance its cold-storage capabilities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $33,900,000
- Loan Type: Construction
- Landlord: Michael Mandich - Cold-Link Logistics
- Lender: JLL
This transaction highlights the notable involvement of Michael Mandich, representing Cold-Link Logistics, in the expansion of the cold-storage facility, which will increase its capacity to 18,000 pallet positions through a $33.9 million loan arranged by JLL.
Players
North Kingstown 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