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Marcus & Millichap has arranged $10.9 million in financing for the acquisition of Kona Ice Corporate Headquarters at in Florence, KY

Marcus & Millichap Arranges $11M Financing for Acquisition of Kona Ice HQ in KY

Marcus & Millichap Capital Corporation has arranged $10.9 million in financing for the acquisition of Kona Ice Corporate Headquarters at 5945 Centennial Circle in Florence, KY.

The financing was exclusively arranged by MMCC’s Dean Giannakopoulos and Frank Montalto.

“Our client engaged us to secure long-term, fixed-rate financing,” said Giannakopoulos. “After a competitive bid process, we transacted with a national lender that was the most strategic fit for this secure, long-term net leased asset.”

The 10-year, 70-percent LTV loan has a three-year interest-only term.

The 93,470-square foot property is the global headquarters for Kona Ice Corp., a mobile food and beverage franchise owner with more than 1,300 franchises in 48 states and three countries. The property is near I-7 and Cincinnati/Northern Kentucky International Airport, as well as directly across the street from a newly constructed, $1.5 billion Amazon Air Hub.

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Inside The Story

MMCC’s Giannakopoulos

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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