Updated Jul 31, 2025
Kevin H. Miller Of Thorofare Capital Funds $36.04M Loan To Olive Companies For McCarty Park
1600 East Mccarty Lane
$36,040,000
Building Size
—
Asset Type
Industrial
Closing
Jul 28, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 1600 East McCarty Lane in San Marcos. The property is part of a larger industrial project known as McCarty Park, specifically Phase 1, which encompasses 343,728 square feet across three buildings. The loan issued is for refinancing purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,040,000
- Lender: Kevin H. Miller - Thorofare Capital
- Landlord: Olive Companies
- Broker: CBRE
- Loan Type: Refinance
In this transaction, Thorofare Capital provided a refinancing loan to Olive Companies aimed at facilitating the leasing efforts for Phase 1 of the McCarty Park industrial project, with the leasing managed by CBRE. The completion of the three buildings is anticipated by September.
On the Map
$36,040,000
Industrial
View full map
Players
San Marcos Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse San Marcos industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93