Northmarq Refinances Retail Property In Huntsville, AL For $22.5M
4800 Whitesburg Drive South, Huntsville, Alabama 35802, United States
$22,500,000
$190,678/SF
Building Size
118 SF
Asset Type
Retail
Closing
Jan 8, 2023
About this deal
AI
The retail property located at 4800 Whitesburg Drive SE in Huntsville, AL has recently undergone a refinancing transaction. The property spans an impressive 118,356 square feet, making it a significant asset in the market. The loan amount for this refinancing deal was $22,500,000. The transaction was facilitated by Randy Wolfe from Northmarq, who represented the parties involved.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,500,000
- Address: 4800 Whitesburg Drive SE, Huntsville, AL
- Market: Huntsville, AL
- Asset Type: Retail
- Square Footage: 118,356
- Broker: Randy Wolfe - Northmarq
- Loan Type: Refinance
In this refinancing deal of the retail property, Randy Wolfe from Northmarq played a pivotal role as the broker representing the parties involved. Through his expertise and negotiation skills, he facilitated the successful refinancing of this valuable asset in Huntsville, AL.
Players
Huntsville 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93