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
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