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Michael Mandich Of Cold-Link Logistics Secures $33.9M Construction Loan From JLL In North Kingstown
FINANCED
$33,900,000
Rhode Island
See Similar DealsIndustrial64,000 SF
Financed 03/16/2026
FINANCED
Michael Mandich Of Cold-Link Logistics Secures $33.9M Construction Loan From JLL In North Kingstown
1 All American Way
See Similar DealsIndustrial64,000 SF
Financed 03/16/2026
Summary
RHODE ISLAND
Asset Type:Industrial
Price Per Square Foot:$529
Total Square Footage:64,000 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$33,900,000.00
Monthly NOI$226,000.00
Monthly Debt Service$214,271.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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