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6325 Global Drive

Updated Dec 4, 2024

CBRE Facilitates $12M Acquisition Loan For Industrial Property In Memphis
FINANCEDIndustrial

CBRE Facilitates $12M Acquisition Loan For Industrial Property In Memphis

6325 Global Drive

$12,000,000

$80/SF

Building Size

150,000 SF

Asset Type

Industrial

Closing

Apr 3, 2024

About this deal

AI

The property at 6325 Global Drive in Memphis, TN is an industrial asset comprising a 150,000-square-foot distribution center. The acquisition loan for this property amounted to $12,000,000, facilitated by CBRE. The distribution center features nearly 40,000 square feet of cold storage space and is fully leased to Vistar, a division of Performance Food Group.

Summary of transaction details:

CBRE played a key role in successfully securing the $12 million acquisition loan for the distribution center at 6325 Global Drive. The involvement of brokers like Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert (Bob) Ybarra, and Shaun Moothart from CBRE highlights the collaborative effort behind the deal, showcasing expertise in facilitating significant transactions within the industrial real estate market.

On the Map

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$12,000,000

$80/SF

Industrial

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Players

Bruce Francis

CBRE

Broker

$853.6M

vol

20 deals

Broker

Memphis Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $80 per square foot on a published $12M for 150,000 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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