facebook
Traded Co logo
Submit a Deal

Burton-Katzman Acquires Industrial Property In Chesterfield Township, MI For $17.5M

52029 & 30921 Sierra Drive
PointingArrow
ShareContact

This Industrial property located in MI received a loan of $17,500,000 almost 2 years ago. The brokers of the deal were Yaakov Zar, Richard Sutton, and Max Lipner

An industrial property located at 52029 & 30921 Sierra Drive in Chesterfield Township, MI has been involved in a closed transaction. The property spans across 179,000 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $17,500,000
  • Loan Type: Construction
  • Loan Terms: Loan Amount - $17,500,000, Loan-to-Cost (LTC) - 90%

The transaction was facilitated by Burton-Katzman and Dominion Real Estate Advisors, serving as the landlord for the property. The deal was brokered by Yaakov Zar, Justin Piasecki, Richard Sutton, and Max Lipner from Lev Capital.

View Related

Deals
  • Location
    52029 Sierra Drive, Chesterfield, Michigan 48047, United States52029 Sierra Drive, Chesterfield, Michigan 48047, United States
  • Loan Value
    $17,500,000$17,500,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Max Lipner

Max Lipner

Deals4
Financed$48.9M

Yaakov Zar

Yaakov Zar

Deals34
Financed$184M

Richard Sutton

Richard Sutton

Deals16
Financed$297.7M

Agency

Lev

Lev

Agency
Deals111
Volume$1.3B

Social

Deal Summary

LOAN IMAGE: Justin Piasecki, Richard Sutton, Max Lipner & Yaakov Zar DATE: 06/16/2022 ADDRESS: 52029 & 30921 Sierra Drive MARKET: Chesterfield Township, MI ASSET TYPE: Industrial ~ SF: 179,000 LANDLORD: Burton-Katzman - Dominion Real Estate Advisors BROKERS: Yaakov Zar, Justin Piasecki, Richard Sutton (@Rich_Sutt) & Max Lipner (@Maxyl) - Lev Capital LOAN AMOUNT: $17,500,000 LOAN TYPE: Construction LOAN TERMS: Loan Amount: $17,500,000, LTC: 90%

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

52029 & 30921 Sierra Drive

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits