Updated Oct 29, 2024
Merchants Bank Provides $13M Construction Loan For Industrial Warehouse In Madison, WI
5525 Tradesman Drive
$13,017,000
$97/SF
Building Size
133,000 SF
Asset Type
Industrial
Closing
Dec 15, 2022
About this deal
AI
The development of an industrial warehouse located at 5525 Tradesman Drive in Madison, WI has been financed through a construction loan. The warehouse spans over 133,000 square feet and was funded by Merchants Bank. Likewise Partners acted as the landlord for this transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $13,017,000
- Address: 5525 Tradesman Drive, Madison, WI
- Market: Madison, WI
- Loan Amount: $13,017,000
- Loan Type: Construction
The loan for the development of this industrial warehouse was provided by Merchants Bank. It is a 10-year fixed-rate loan with 36 months of interest-only payments. The brokers involved in this deal were Scott Modelski and Raymond Zanca from Black Bear Capital Partners.
On the Map
$13,017,000
$97/SF
Industrial
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Players
San Antonio Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93