Industrial (Single Tenant) – Acquisition

South, US

$2,870,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place a loan for the acquisition of an absolute NNN Caliber Collision in the Southern US.

Property Description

The property is brand new with the build-to-suit construction completed in 2021. The NNN lease is 15 years. It’s in a great location next to many dealerships and retail.

Sponsors

The sponsor is a development group. The head is a real estate owner, operator, investor, and developer with over 20 years of experience.

Challenges

  • The property was to be purchased using 1031-exchange proceeds from the sale of a 175,000 SF multi-tenant industrial building.
  • The sponsor was up against a 1031 deadline.

Solutions

  • Funding was secured with a credit union based out of Texas that was able to give the sponsor good terms within their timeline.

Funding

  • Loan-to-Value (LTV): 55%
  • Interest Rate: 3.9%
  • Amortization: 30 Years
  • Term: 10 Years
  • Recourse: Non-recourse
  • Prepayment: No penalty

Director  | Capital Advisor

858-337-7345

mmueller@taurocapitaladvisors.com

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com