Phoenix Industrial Redevelopment Secures $6.5M Refinance For Industrial Park In Fort Mill SC

The asset involved in this transaction is an industrial property located at 1035 Society Lane, Fort Mill, SC. This property is part of a fully leased 11-building industrial park and has a loan amount of $6,500,000, which is being refinanced. The loan term is structured for five years and is priced at 250 basis points over the 5-year Treasury.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,500,000
• Landlord: Phoenix Industrial Redevelopment
• Broker: Duke Dennis - Marcus & Millichap
• Market: Fort Mill, SC
• Loan Term: 5 years
• Loan Pricing: 250 bps over the 5-year Treasury

In this transaction, the landlord is represented by Phoenix Industrial Redevelopment, and the brokerage services are provided by Duke Dennis from Marcus & Millichap. MMCC secured the refinance for the property, reflecting the strategic management of the asset portfolio located in a growing market region.