Denholtz Properties Secures $13.14M Loan For Industrial Property In Saint Petersburg
FINANCED
$13,140,000
Florida
See Similar DealsIndustrial206,000 SF
Financed 08/14/2020
FINANCED
Denholtz Properties Secures $13.14M Loan For Industrial Property In Saint Petersburg
11001 Roosevelt Blvd N, St. Petersburg, FL 33716, USA
See Similar DealsIndustrial206,000 SF
Financed 08/14/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:206,000 SF
Transaction Type:Loan
The industrial property located at 11001 Roosevelt Boulevard in Saint Petersburg was involved in a recent transaction. The loan for this property was provided by Thorofare Capital, with David Perlman representing the lender. The loan amount for this transaction was $13,140,000. The property spans across 206,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,140,000
Steven Denholtz, representing Denholtz Properties, acted as the landlord in this deal. He played a significant role in the transaction, representing the property owner.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,140,000.00
Monthly NOI$87,600.00
Monthly Debt Service$83,053.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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