Davis Property Investment Secures $18M Loan For Pacific, WA Industrial Property
FINANCED
$18,000,000
Washington
See Similar DealsIndustrial160,000 SF
Financed 09/01/2022
FINANCED
Davis Property Investment Secures $18M Loan For Pacific, WA Industrial Property
Pacific, Washington, United States
See Similar DealsIndustrial160,000 SF
Financed 09/01/2022
Summary
WASHINGTON
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:160,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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