Updated Oct 28, 2024
Centennial Bank Provides $40M Construction Loan To Unicorp National Developments Inc. For Celebration Pointe Development Site
World Drive, Celebration, FL, USA
$40,000,000
$314/SF
Building Size
127,277 SF
Asset Type
Development Site
Closing
Oct 26, 2021
About this deal
AI
A development site located at Celebration Pointe World Drive & Interstate 4 in Celebration has been involved in a closed transaction. The property spans a total of 127,277 square feet. The transaction took place on October 26, 2021, and was documented in a post shared by Chuck Whittall on Instagram.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Address: Celebration Pointe World Drive & Interstate 4, Celebration
- Market: Celebration
The loan for the transaction was provided by Centennial Bank, with a loan amount of $40,000,000. The loan type was specified as construction. Unicorp National Developments Inc., represented by Chuck Whittall, served as the landlord in this deal.
On the Map
$40,000,000
$314/SF
Development Site
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Players
Kissimmee Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93