JLL Brokers Secure $20.8M Acquisition Loan For Industrial Property In Smyrna, TN
FINANCED
$20,800,000
+ 1
Tennessee
See Similar DealsIndustrial267,597 SF
Financed 06/25/2024
FINANCED
JLL Brokers Secure $20.8M Acquisition Loan For Industrial Property In Smyrna, TN
2699 Highwood Boulevard
See Similar DealsIndustrial267,597 SF
Financed 06/25/2024
+ 1
Summary
TENNESSEE
Asset Type:Industrial
Price Per Square Foot:$77
Total Square Footage:267,597 SF
Transaction Type:Loan
The industrial property located at 2699 Highwood Boulevard in Smyrna, TN spans 267,597 square feet. The property was acquired through an Acquisition Loan worth $20,800,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,800,000
- Landlord: Jason Isaacson, Josh Procacci & Alex Nunner - IP Capital Partners
- Brokers: Chris Drew, Michael DiCosimo, Nicole Barba & Anthony Sansone - JLL
The deal involved key individuals including Jason Isaacson, Josh Procacci, Alex Nunner, Chris Drew, Michael DiCosimo, Nicole Barba, and Anthony Sansone who represented the parties in this property acquisition.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,800,000.00
Monthly NOI$138,666.67
Monthly Debt Service$131,470.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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