Morgan Stanley Provides $8.8M Acquisition Loan For Office Building On E Spring St Long Beach
FINANCED
$8,800,000
California
See Similar DealsOffice22,515 SF
Financed 06/14/2022
FINANCED
Morgan Stanley Provides $8.8M Acquisition Loan For Office Building On E Spring St Long Beach
2165 East Spring Street
See Similar DealsOffice22,515 SF
Financed 06/14/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$390
Total Square Footage:22,515 SF
Transaction Type:Loan
The office building located at 2165 E Spring St in Long Beach, Los Angeles has been involved in a recent loan transaction. The property is a 22,515 square foot office space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,800,000
- Address: 2165 E Spring St, Long Beach, Los Angeles
- Market: Long Beach, Los Angeles
Morgan Stanleyprovided a loan amounting to $8,800,000 for the acquisition of the property. The loan type for this transaction was acquisition.
Charybdis, LLC is the landlord of the property. The brokers involved in this deal were Jason Roth and Andrey Mindirgasov of Newmark.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,800,000.00
Monthly NOI$58,666.67
Monthly Debt Service$55,621.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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