Updated Sep 16, 2026
Thorofare Capital Provides $35 Million Loan For Gateway Commerce Park In Hardeeville SC
1 Jasper Hwy
$35,000,000
$77/SF
Building Size
449,280 SF
Asset Type
Industrial
Closing
Sep 16, 2026
About this deal
AI
The asset involved in this transaction is Gateway Commerce Park, an industrial property located at 1 Jasper Hwy in Hardeeville, SC. This two-building industrial park spans a total of 449,280 square feet and occupies 96 acres. The facility includes a 330,480-square-foot cross-dock building and a 118,800-square-foot warehouse. The loan provided for this property was aimed at refinancing and leasing up the park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Asset Size: 449,280 square feet
- Acres: 96.0
- Lender: Kevin H. Miller & Andrew Kim - Thorofare Capital
- Loan Type: Senior
- Loan Note: Floating-rate, interest-only bridge loan
- Year Built: 2025
- Location: Near Port of Savannah
- Loan Originator: Andrew Kim
The key individuals in this transaction include Kevin H. Miller and Andrew Kim, who represent Thorofare Capital. Andrew Kim specifically originated the loan for an undisclosed real estate development firm, indicating the firm’s involvement in the refinancing process of the industrial park.
On the Map
$35,000,000
$77/SF
Industrial
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Players
Jasper 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93