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Madison Capital Secures $126M Loan From PCCP For Acquisition Of Four Logistics Assets

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FINANCED
$126,000,000

Washington

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Industrial
Financed 05/15/2025
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FINANCED

Madison Capital Secures $126M Loan From PCCP For Acquisition Of Four Logistics Assets

1700 45th Street East, 1400 Country Ridge Road, 4877 North Cotton Lane & 1400 Northwest Broad Street

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Industrial
Financed 05/15/2025
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Summary

WASHINGTON
Asset Type:Industrial
Transaction Type:Loan

The transaction involves four industrial logistics assets located at 1700 45th Street East in Sumner, WA; 1400 Country Ridge Road in Bedford, PA; 4877 North Cotton Lane in Goodyear, AZ; and 1400 Northwest Broad Street in Murfreesboro, TN. The total acquisition loan amount is $126,000,000 for a purchase valued at $230,000,000, with the properties totaling 1.8 million square feet. This paperwork is linked to a sale-leaseback arrangement with REI Co-op.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $126,000,000
  • Lender: PCCP
  • Landlord: Bryan Lisser - Madison Capital

Madison Capital secured the acquisition financing for the transaction, involving coordination with PCCP for the financing needed to acquire the four logistics assets. These properties are situated in diverse markets across the states of Arizona, Washington, Pennsylvania, and Tennessee, enhancing their regional value for logistics operations.

Players

LENDER

Details

FINANCED
IMAGE: 05/15/2025 ADDRESS: 1700 45th Street East, 1400 Country Ridge Road, 4877 North Cotton Lane & 1400 Northwest Broad Street MARKET: Sumner, WA; Bedford, PA; Goodyear, AZ & Murfreesboro, TN ASSET TYPE: Industrial LENDER: PCCP LANDLORD: Bryan Lisser - Madison Capital LOAN AMOUNT: $126,000,000 LOAN TYPE: Acquisition NOTE: Madison Capital secured $126M in acquisition financing from PCCP for its $230M purchase of four logistics assets totaling 1.8M square feet in AZ, WA, TN, and PA, via a sale-leaseback with REI Co-op.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$126,000,000.00

Monthly NOI$840,000.00
Monthly Debt Service$796,405.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00