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5502 Spinks Road

Updated May 28, 2025

$7.12 Billion Construction Loan Secured By Jamie Dimon For Industrial Asset In Abilene, TX
FINANCEDIndustrial

$7.12 Billion Construction Loan Secured By Jamie Dimon For Industrial Asset In Abilene, TX

5502 Spinks Road

$7,120,000,000

$1,780/SF

Building Size

4,000,000 SF

Asset Type

Industrial

Closing

May 21, 2025

About this deal

AI

The property asset involved in the transaction is an industrial asset located at 5502 Spinks Road, Abilene, TX, encompassing a total square footage of 4,000,000. The loan amount for this construction deal is $7,120,000,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,120,000,000
  • Address: 5502 Spinks Road
  • Market: Abilene, TX
  • Lender: Jamie Dimon - JP Morgan
  • Landlord: Marc Zahr, Doug Ostrover & Marc Lipschultz - Blue Owl Capital; Chase Lochmiller - Crusoe Energy Systems; Bill Stein - Primary Digital Infrastructure
  • Landlord's Representative: Jordan Roeschlaub, Benjamin Kroll, Brent Mayo & Andrew Warin & Nick Scribani - Newmark
  • Loan Type: Construction

The deal involves several key individuals and organizations. The landlords of the property are Marc Zahr, Doug Ostrover, Marc Lipschultz from Blue Owl Capital, Chase Lochmiller from Crusoe Energy Systems, and Bill Stein from Primary Digital Infrastructure. The landlord's representatives during this transaction are Jordan Roeschlaub, Benjamin Kroll, Brent Mayo, Andrew Warin, and Nick Scribani, all affiliated with Newmark.

On the Map

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$7,120,000,000

$1,780/SF

Industrial

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Players

Nick Scribani

Newmark

Broker

$59B

vol

209 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
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Abilene Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $1.8K per square foot on a published $7.1B for 4,000,000 square feet (2025).

Visit Benjamin (Ben) Kroll to view all their deals.

Browse Abilene industrial loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.00%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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