Marcus & Millichap Capital Corporation has arranged $10.85 million in financing for the acquisition of Kona Ice Corporate Headquarters at 5945 Centennial Circle in Florence, Kentucky.
The financing was exclusively arranged by MMCC’s Dean Giannakopoulos, senior vice president, and Frank Montalto, first vice president.
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., the largest mobile food and beverage franchise owners with more than 1,300 franchises in 48 states and three countries. The property is well-located 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.
