Updated Nov 27, 2024
JLL Capital Markets Secures $80.5M Construction Loan In Winchester, VA
1486 Millwood Pike, Winchester, Virginia 22602, United States
$80,500,000
$80,500,000/SF
Building Size
1 SF
Asset Type
Industrial
Closing
Dec 12, 2022
About this deal
AI
The Industrial property located at 1486 Millwood Pike in Winchester, VA has recently undergone a closed transaction. Spanning over 1,020,000 square feet, this property offers ample space for industrial activities. The deal was brokered by JLL Capital Markets, who represented the landlord in the transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $80,500,000
- Address: 1486 Millwood Pike, Winchester, VA
- Market: Winchester, VA
- Lender: Bank OZK & ACORE Capital
- Landlord: JLL Capital Markets
- Loan Type: Construction
The loan for this transaction was provided by Bank OZK and ACORE Capital. The $80,500,000 loan was secured for the purpose of construction on the property. This loan will enable the development and improvement of the industrial facility, creating opportunities for businesses in Winchester, VA.
Players
Winchester 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93