FINANCEDRetail
Retail Property In Tuscaloosa Obtains $4.5 Million Loan With Michael J. Gefter As The Broker
1307 University Blvd
$4,500,000
$311/SF
Building Size
14,451 SF
Asset Type
Retail
Closing
Feb 27, 2025
AI
The property asset involved in the transaction is a retail space located at 1307 University Blvd in the Tuscaloosa market. The transaction includes a loan amount of $4,500,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000.00
- Address: 1307 University Blvd
- Market: Tuscaloosa
- Loan Date: 02/27/2025
- Brokers: Michael J. Gefter
The deal is represented by broker Michael J. Gefter, who facilitated the transaction in the Tuscaloosa market. The loan was secured as part of this retail property transaction.
Players
Tuscaloosa Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93