JLL Facilitates $40M Loan For Alligood Industrial Park In Lebanon, TN
$40,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 25, 2023
AI
Alligood Industrial Park, a newly-built Class A industrial development located on 36.4 acres in Lebanon, Tennessee, has secured a $40 million acquisition financing deal facilitated by JLL Capital Markets. The development is situated just outside of Nashville and offers a prime location for industrial activities.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Property Size: 36.4 acres
- Market: Lebanon, TN
- Built Square Footage: 410,370 BSF
JLL Capital Markets played a crucial role in arranging the financing deal for Alligood Industrial Park. The team of brokers involved in the transaction includes Aldon Cole, Bradley Vansant, and Brian Carlton from JLL. Stephen Quazzo, representing Pearlmark Real Estate, acted as the landlord for the property.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93