Gantry Arranges $13.5M Loan For Industrial Property Acquisition In Salt Lake City

A $13.5 million permanent loan has been arranged for a fully leased industrial property located at 485 North Jimmy Doolittle Road in Salt Lake City, UT. The asset encompasses a total square footage of 148,263. The loan is structured as a six-year, fixed-rate acquisition loan featuring full-term interest-only payments and prepayment flexibility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,500,000
• Loan Type: Acquisition
• Loan Terms: Six-year, fixed-rate with full-term interest-only payments and prepayment flexibility
• Address: 485 North Jimmy Doolittle Road
• Market: Salt Lake City, UT
• Asset Size: 148,263 SF
• Brokers: Benjamin (Ben) Johnson, Mike Wood & Tim Brown - Gantry

Gantry facilitated the financing deal, representing the interests of the involved parties throughout the transaction process. The representation underscores the commitment of the brokers to secure favorable loan terms for the acquisition of the industrial asset.