Life Insurance Company
3825 Walnut is a 100,872 square foot multi-tenant industrial building situated in the heart of Boulder, Colorado. The Subject Property sits on a large 5.17 acre parcel at the intersection of 38th and Walnut, just east of downtown Boulder and only two (2) blocks east of the Twenty Ninth Street Mall. This prominent location has been a long-time industrial hub, but has recently become a magnet for new development in Boulder.
Essex sourced a 10-year, interest-only loan with one of its exclusive life insurance companies. The 10-year fixed-rate is highly-competitive, and the loan provides for flexible prepayment after Year 7 when the lease for its biggest tenant expires.