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Wells Fargo Provides $69.9M Acquisition Loan For Industrial Portfolio In Braselton And Memphis

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FINANCED
$69,900,000

South Carolina

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Industrial1,600,000 SF
Financed 02/06/2025
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Property Image
FINANCED

Wells Fargo Provides $69.9M Acquisition Loan For Industrial Portfolio In Braselton And Memphis

Industrial1,600,000 SF
Financed 02/06/2025
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$43
Total Square Footage:1,600,000 SF
Transaction Type:Loan

The transaction involves the acquisition of a two-property industrial portfolio located in Braselton, GA and Memphis, TN. This industrial asset consists of a total of 1,600,000 square feet and was financed through a loan amount of $69,900,000. The lender for this acquisition loan is Wells Fargo.

Summary of transaction details:

The acquisition loan was arranged by CBRE, effectively facilitating the purchase of the industrial portfolio. The brokers involved in the transaction are Brian Linnihan, Richard Henry, and Taylor Crowder from CBRE, representing the interests of the parties involved in this deal.

Players

Brian Linnihan
25 deals$1.5B volume
BROKER

Richard Henry
CBRE
23 deals$1.2B volume(404) 610-6916
BROKER

Taylor Crowder
CBRE
12 deals$730.5M volume
BROKER

Wells Fargo
LENDER

Details

FINANCED
IMAGE: 02/06/2025 ADDRESS: Industrial Portfolio MARKET: Braselton, GA & Memphis, TN ASSET TYPE: Industrial ~ SF: 1,600,000 LENDER: Wells Fargo BROKERS: Brian Linnihan, Richard Henry & Taylor Crowder - CBRE LOAN AMOUNT: $69,900,000 LOAN TYPE: Acquisition NOTE: CBRE arranged a $69.9M acquisition loan through Wells Fargo for the purchase of a two-property industrial portfolio in Braselton and Memphis.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$69,900,000.00

Monthly NOI$466,000.00
Monthly Debt Service$441,815.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00