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

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FINANCED
$25,000,000

Washington

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Industrial159,869 SF
Financed 02/05/2024
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FINANCED

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

15902 Woodinville Redmond Road Northeast

See Similar Deals
Industrial159,869 SF
Financed 02/05/2024
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Summary

WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$156
Total Square Footage:159,869 SF
Transaction Type:Loan

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
21 deals$1.2B volume
BROKER

Peter Thompson
JLL
15 deals$1.4B volume
BROKER

Kaden Eichmeier
JLL
2 deals$59.8M volume(206) 336-5442
BROKER

Pacific Coast Capital Partners (PCCP)
LENDER

Details

FINANCED
IMAGE: Dorian Farhang, Patrick Daniels, Greg Brown, Kaden Eichmeier & Peter Thompson DATE: 02/05/2024 ADDRESS: 15902 Woodinville Redmond Road Northeast MARKET: Woodinville, WA ASSET TYPE: Industrial ~ SF: 159,869 LENDER: Dorian Farhang - Pacific Coast Capital Partners (PCCP) LANDLORD: Patrick Daniels - CapRock Partners BROKERS: Greg Brown, Kaden Eichmeier & Peter Thompson - JLL LOAN AMOUNT: $25,000,000 LOAN TYPE: Acquisition LOAN TERMS: non-recourse loan NOTE: PCCP, LLC has furnished a $25 million loan to CapRock Partners for acquiring The Reserve at Woodinville, a fully leased Class A industrial building in Woodinville, Washington, covering 159,869 square feet.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00