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15902 Woodinville Redmond R...

Pacific Coast Capital Partners Provides $25M Loan To CapRock Partners For Industrial Acquisition
FINANCEDIndustrial

Pacific Coast Capital Partners Provides $25M Loan To CapRock Partners For Industrial Acquisition

15902 Woodinville Redmond Road Northeast

$25,000,000

$156/SF

Building Size

159,869 SF

Asset Type

Industrial

Closing

Feb 5, 2024

AI

The Reserve at Woodinville, a fully leased Class A industrial building located at 15902 Woodinville Redmond Road Northeast in Woodinville, WA, covering 159,869 square feet, has been acquired by CapRock Partners with the assistance of a $25 million loan from Pacific Coast Capital Partners (PCCP), furnished by Dorian Farhang.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $25,000,000
  • Loan Type: Acquisition
  • Loan Terms: non-recourse loan
  • Lender: Dorian Farhang - Pacific Coast Capital Partners (PCCP)
  • Landlord: Patrick Daniels - CapRock Partners
  • Brokers: Greg Brown, Kaden Eichmeier & Peter Thompson - JLL

The $25 million loan was provided by Pacific Coast Capital Partners (PCCP) to CapRock Partners for the acquisition of The Reserve at Woodinville. The transaction was facilitated with the expertise of brokers Greg Brown, Kaden Eichmeier, and Peter Thompson from JLL, representing the parties involved in the deal.

Players

Greg Brown

JLL

Broker

$1.2B

vol

21 deals

Broker
Pacific Coast Capital Partners (PCCP)
Pacific Coast Capital Partners (PCCP)Lender

Woodinville Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93