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Northmarq Arranges $28.1M Construction Loan For 248,000 SF Industrial Property In Tacoma, WA

1950 South State Street
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This Industrial property located in WA received a loan of $28,100,000 about 2 years ago. The brokers of the deal were Bob Spiro and Scott Moline

An industrial property located at 1950 S State St in Tacoma, WA has been involved in a recent closed transaction.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $28,100,000
  • Square Footage: 248,000
  • Address: 1950 S State St, Tacoma, WA
  • Market: Tacoma, WA

The deal was facilitated by Scott Moline and Bob Spiro from Northmarq acting as brokers.

The transaction involved a construction loan of $28,100,000. The loan has a three-year term and is structured as an interest-only loan.

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Deals
  • Location
    1950 South State Street, Tacoma, Washington 98405, United States1950 South State Street, Tacoma, Washington 98405, United States
  • Loan Value
    $28,100,000$28,100,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Scott Moline

Scott Moline

Deals3
Financed$38.9M

Bob Spiro

Bob Spiro

Deals3
Financed$38.9M

Agency

NorthMarq

NorthMarq

Agency
Deals467
Volume$21.6B

Deal Summary

LOAN IMAGE: Scott Moline & Bob Spiro DATE: 01/07/2022 ADDRESS: 1950 S State St MARKET: Tacoma, WA ASSET TYPE: Industrial ~ SF: 248,000 BROKERS: Scott Moline & Bob Spiro - Northmarq LOAN AMOUNT: $28,100,000 LOAN TYPE: Construction Loan LOAN TERM: three-year, interest-only loan

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1950 South State Street

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