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4800 Whitesburg Drive South...

Updated Nov 17, 2023

Northmarq Refinances Retail Property In Huntsville, AL For $22.5M
FINANCEDRetail

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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Deal FAQ

About $190.7K per square foot on a published $22.5M for 118 square feet (2023).

Browse Alabama retail loans on Traded.

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

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