Summary
DELAWARE
Asset Type:Retail
Price Per Square Foot:$71
Total Square Footage:159802 SF
Transaction Type:Loan
The property asset involved is a retail space located at 100 West Glenwood Avenue in Smyrna, DE, comprising a total of 159,802 square feet. The transaction includes a refinance loan amount of $11,430,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,430,000
- Address: 100 West Glenwood Avenue
- Market: Smyrna, DE
- Asset Size: 159,802 SF
- Loan Type: Refinance
The deal was brokered by Chaim Sherwinter and Paul Gilbert from Meridian Capital Group, representing the interests involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,430,000.00
Monthly NOI$76,200.00
Monthly Debt Service$72,245.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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