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
Woodinville 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93