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Tower Investments Secures $84M Acquisition Loan For Industrial Property In Vacaville

1661 East Monte Vista Avenue
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This Industrial property located in CA received a loan of $84,000,000 almost 2 years ago. The brokers of the deal were Jason Kahn and Thomas Wayda

The industrial property located at 1661 East Monte Vista Avenue in Vacaville has been involved in a recent closed transaction. The property spans 370,575 square feet and is part of the industrial asset type. The transaction took place on 04/18/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Address: 1661 East Monte Vista Avenue
  • Market: Vacaville
  • Square Footage: 370,575

The loan for this transaction was provided by Citigroup and Wells Fargo. The loan amount was not mentioned, but it was classified as an acquisition loan. The loan terms are for a 10-year interest-only period. The landlord in this transaction is Tower Investments. The brokers involved in the deal were Jason Kahn and Thomas Wayda from Meridian Capital Group.

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Deals
  • Location
    1661 East Monte Vista Avenue, Vacaville, California 95688, United States1661 East Monte Vista Avenue, Vacaville, California 95688, United States
  • Loan Value
    $84,000,000$84,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 2 Agencies, 2 Lenders2 Brokers, 2 Agencies, 2 Lenders

Agents

Jason Kahn

Jason Kahn

Deals1
Financed$84M

Thomas Wayda

Thomas Wayda

Deals15
Financed$1.4B

Agencies

Meridian Capital Group

Meridian Capital Group

Agency
Deals2403
Volume$65.9B

Greystone

Greystone

Agency
Deals66
Volume$7.3B

Wells Fargo

Wells Fargo

Lender
Deals121
Volume$ 1.1T

Citibank

Citibank

Lender
Deals59
Volume$ 486.9B

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Deal Summary

LOAN IMAGE: Jason Kahn & Thomas Wayda DATE: 04/18/2022 ADDRESS: 1661 East Monte Vista Avenue MARKET: Vacaville ASSET TYPE: Industrial ~ SF: 370,575 LENDER: Citigroup (@Citi) & Wells Fargo (@WellsFargo) LANDLORD: Tower Investments BROKERS: Jason Kahn & Thomas Wayda - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $84,000,000 LOAN TYPE: Acquisition LOAN TERMS: 10-year interest-only

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1661 East Monte Vista Avenue

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