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12000 Northwest 39th Street

Synovus Financial Corporation Provides $57 Million Refinance Loan For Industrial Property In Coral Springs
FINANCEDIndustrial

Synovus Financial Corporation Provides $57 Million Refinance Loan For Industrial Property In Coral Springs

12000 Northwest 39th Street

$57,000,000

$133/SF

Building Size

427,515 SF

Asset Type

Industrial

Closing

Jul 30, 2025

AI

The property involved in this transaction is an industrial asset located at 12000 Northwest 39th Street, Coral Springs. This property spans a total of 427,515 square feet and is part of the industrial market. The loan amount secured for this asset is $57,000,000 with a refinance loan type.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $57,000,000
  • Asset Size: 427,515 SF
  • Address: 12000 Northwest 39th Street
  • Market: Coral Springs
  • Lender: Synovus Financial Corporation
  • Landlord: Foundry Commercial & American Realty Advisors
  • Broker Representatives: Melissa Rose, Steven Klein, Nicole Barba & Preston Bacon - JLL

The deal was facilitated by a team of brokers from JLL, including Melissa Rose, Steven Klein, Nicole Barba, and Preston Bacon. Their representation became an integral part of the transaction process for the landlords, Foundry Commercial and American Realty Advisors, guiding them through the refinancing deal with Synovus Financial Corporation.

Players

Steven Klein

JLL

Broker

$3.9B

vol

51 deals

Broker
JLL
JLLBrokerage

Pompano Beach Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93