Updated Aug 21, 2025
Gantry Secures $17.1 Million Refinance Loan For FedEx Leased Warehouse In Everett, WA
7301 Hardeson Road
$17,100,000
$139/SF
Building Size
123,000 SF
Asset Type
Industrial
Closing
Aug 20, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 7301 Hardeson Road, Everett, WA, with a total square footage of 123,000. The loan amount associated with this property refinancing is $17,100,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,100,000
- Loan Type: Refinance
- Loan Date: 08/20/2025
- Broker Representatives: Tony Kaufmann & Joe Foley - Gantry
- Asset Status: Fully leased to FedEx
- Loan Features: 10-year fixed-rate, partial interest-only period, 30-year amortization
The loan was arranged for a private investor, and Gantry is responsible for servicing the debt associated with this transaction.
Players
Everett 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93