Updated Aug 14, 2025
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
About this deal
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.
On the Map
$57,000,000
$133/SF
Industrial
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Players
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