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200 Wildwood Parkway Homewo...

Institutional Property Advisors Refinances Class A Office Property In Homewood, AL For $11.5M
FINANCEDOffice

Institutional Property Advisors Refinances Class A Office Property In Homewood, AL For $11.5M

200 Wildwood Parkway Homewood, Alabama 35209, USA

$11,500,000

Building Size

Asset Type

Office

Closing

Jul 20, 2023

AI

Institutional Property Advisors (IPA) has successfully secured an $11.5 million refinancing for a Class A office property located at 200 Wildwood Parkway in Homewood, Alabama. The property is an office asset in a prime location within the Homewood market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $11,500,000
  • Address: 200 Wildwood Parkway, Homewood, AL
  • Market: Homewood, AL

Jordan Ray, Rachael Krawiecki, and James Matheny from Institutional Property Advisors (IPA) served as the brokers for this refinancing deal. They played a crucial role in securing the $11.5 million refinancing for the Class A office property at 200 Wildwood Parkway. The involvement of these talented brokers highlights the expertise and professionalism they bring to the table in the real estate industry.

Players

Jordan Ray

Institutional Property Advisors

Broker

$637.1M

vol

15 deals

Broker

Ballwin Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93