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JLL Facilitates $40M Loan For Alligood Industrial Park In Lebanon, TN

Property Image
FINANCED
$40,000,000
Bradley Vansant
Aldon Cole
Brian Carlton
+ 1

Tennessee

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Development Site
Financed 09/25/2023
the dealplayerscompscontact
Property Image
FINANCED

JLL Facilitates $40M Loan For Alligood Industrial Park In Lebanon, TN

Development Site
Financed 09/25/2023
Bradley Vansant
Aldon Cole
Brian Carlton
+ 1
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Loan

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

Brian Carlton
JLL
Brian Carlton
2 deals$94.5M volume
BROKER
Aldon Cole
JLL
Aldon Cole
15 deals$2.3B volume
BROKER
Bradley Vansant
JLL
Bradley Vansant
10 deals$191.3M volume
BROKER
SQ
Stephen Quazzo
6 deals$397.3M volume
LANDLORD

Details

FINANCED
IMAGE: Aldon Cole, Bradley Vansant, Brian Carlton & Stephen Quazzo DATE: 09/25/2023 ADDRESS: 200 Alligood Way MARKET: Lebanon, TN ASSET TYPE: Development Site ~ BSF: 410,370 ~ ACRES: 36.4 LANDLORD: Stephen Quazzo - Pearlmark Real Estate BROKERS: Aldon Cole, Bradley Vansant & Brian Carlton - JLL LOAN AMOUNT: $40,000,000 LOAN TYPE: Acquisition LOAN TERMS: five-year, fixed-rate senior loan NOTE: JLL Capital Markets has facilitated a $40 million acquisition financing deal for Alligood Industrial Park, a newly-built Class A industrial development located on 36.4 acres in Lebanon, Tennessee, just outside of Nashville.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$40,000,000.00

Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00