Updated Oct 28, 2024
Davis Property Investment Secures $18M Loan For Pacific, WA Industrial Property
Pacific, Washington, United States
$18,000,000
$112/SF
Building Size
160,000 SF
Asset Type
Industrial
Closing
Aug 31, 2022
About this deal
AI
The Industrial Property located in Pacific, WA has been involved in a closed transaction. The property spans a total area of 160,000 square feet and sits on approximately 12 acres of land.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: N/A
- Market: Pacific, WA
- Size: 160,000 square feet
- Acres: 12
The property was owned by Davis Property Investment. The transaction was facilitated by brokers Mike Wood & Alex Saunders of Gantry.
A construction-to-permanent loan of $18,000,000 was secured for the transaction. The loan has a fixed interest rate below 4.4 percent and a seven-year term.
On the Map
$18,000,000
$112/SF
Industrial
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Players
Menlo 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93