BlackBear Capital Partners Secures $4.8M Loan For Industrial Warehouse In Mount Pleasant, WI
FINANCED
$4,792,500
Wisconsin
See Similar DealsIndustrial134,805 SF
Financed 07/08/2022
FINANCED
BlackBear Capital Partners Secures $4.8M Loan For Industrial Warehouse In Mount Pleasant, WI
1901 Chicory Road
See Similar DealsIndustrial134,805 SF
Financed 07/08/2022
Summary
WISCONSIN
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:134,805 SF
Transaction Type:Loan
The acquisition of an industrial warehouse located at 1901 Chicory Road in Mount Pleasant, WI has been financed with a loan amount of $4,792,500. The warehouse spans approximately 134,805 square feet and is classified as an industrial property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,792,500
- Date: 07/08/2022
- Address: 1901 Chicory Road
- Market: Mount Pleasant, WI
- Landlord: Likewise Partners
- Brokers: Raymond Zanca & Scott Modelski - BlackBear Capital Partners
The loan was secured for the purpose of acquiring the industrial warehouse. The financing arrangement consists of a 5-year fixed rate loan with an interest rate of 3.61%.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,792,500.00
Monthly NOI$31,950.00
Monthly Debt Service$30,291.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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