Daily limit: 0/10
Bridge Industrial Secures $413M Loan For Logistics Park In Tacoma, WA
FINANCED
$413,000,000
Washington
See Similar DealsIndustrial2,480,000 SF
Financed 03/18/2024
FINANCED
Bridge Industrial Secures $413M Loan For Logistics Park In Tacoma, WA
5024 South Madison Street
See Similar DealsIndustrial2,480,000 SF
Financed 03/18/2024
Summary
WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$166
Total Square Footage:2,480,000 SF
Transaction Type:Loan
The industrial property located at 5024 South Madison Street in Tacoma, WA, spans 2,480,000 square feet. Bridge Industrial is the landlord of this asset. Bank OZK and Mesa West Capital, along with Morgan Stanley Real Estate, provided the loan for this property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $413,000,000
- Lender: Bank OZK, Mesa West Capital, Morgan Stanley Real Estate
- Landlord: Bridge Industrial
- Broker: James Muhlfeld - Eastdil Secured
Bridge Industrial secured a $413 million debt package for the construction of a logistics park in Tacoma, Wash. The first-mortgage construction loan of $263 million for the Bridge Point Tacoma project was provided by Bank OZK. James Muhlfeld from Eastdil Secured represented the deal as the broker.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$413,000,000.00
Monthly NOI$2,753,333.33
Monthly Debt Service$2,610,440.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions