Updated Oct 28, 2024
BlackBear Capital Partners Secures $4.8M Loan For Industrial Warehouse In Mount Pleasant, WI
1901 Chicory Road
$4,792,500
$35/SF
Building Size
134,805 SF
Asset Type
Industrial
Closing
Jul 8, 2022
About this deal
AI
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%.
On the Map
$4,792,500
$35/SF
Industrial
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Players
Mount Pleasant 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
3.31%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93