FINANCEDRetail
Michael J. Gefter Represents $4.55M Loan For Retail Property At 1307 University Blvd Tuscaloosa
1307 University Blvd
$4,550,000
$314/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 loan amount secured for this property is $4,550,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,550,000.00
The key individual involved in the deal is broker Michael J. Gefter, who represents the interests in this 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93