Investment highlights
- The property features a 32-foot clear height building with 200-foot-deep truck court depth, 74 docks doors (with the capacity to expand to 192 doors) and 126 trailer parking spaces (with the capacity to expand to 250).
- The property’s location provides access to the Port of Wilmington, Interstate I-95, Amazon fulfillment centers and Philadelphia.
- The property is currently 100% leased to an Amazon subsidiary with full corporate guarantee from Amazon.com, Inc.
Investment details1
Total loan size
$107,000,000
Purpose
Acquisition financing
LTV
66.3%
Square feet
1,015,740
Portfolio weight
1.1%
Description
Acquisition financing of Class A loading distribution center in Middletown, DE