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Madison Capital Secures $126 Million Loan For Acquisition Of Four Distribution Centers

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FINANCED
$126,000,000

Washington

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Industrial
Financed 05/01/2025
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FINANCED

Madison Capital Secures $126 Million Loan For Acquisition Of Four Distribution Centers

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

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Industrial
Financed 05/01/2025
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Summary

WASHINGTON
Asset Type:Industrial
Transaction Type:Loan

The property asset involved is a portfolio of four premier distribution centers long-term leased to specialty outdoor retailer REI Co-op. The acquisition amount totals $230 million, and the portfolio encompasses 1.8 million square feet 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 Murfreesboro Road in Lebanon, TN.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $230,000,000
  • Loan Amount: $126,000,000
  • Loan Type: Acquisition
  • Lender: PCCP
  • Landlord: Madison Capital
  • Market: Sumner, WA; Bedford, PA; Goodyear, AZ; Lebanon, TN

Madison Capital has successfully secured financing for this acquisition, indicating the firm’s strategic investments in industrial assets catering to reputable tenants such as REI Co-op across diverse markets in the United States.

Players

LENDER

Details

FINANCED
IMAGE: Bryan Lisser DATE: 5/1/2025 ADDRESS: 1700 45th Street East, 1400 Country Ridge Road, 4877 North Cotton Lane & 1400 Murfreesboro Road MARKET: Sumner, WA; Bedford, PA; Goodyear, AZ; & Lebanon, TN ASSET TYPE: Industrial LENDER: PCCP LANDLORD: Madison Capital (@Madison_Capital_NY) LOAN AMOUNT: $126,000,000 LOAN TYPE: Acquisition NOTE: Madison Capital has secured $126 million in financing for its recent $230 million acquisition of a portfolio of four premier distribution centers long-term leased to specialty outdoor retailer REI Co-op. The portfolio totals 1.8 million square feet across Seattle, Phoenix, Nashville, and Pennsylvania.

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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