Associated Bank Lends $28.2M For Industrial Property In Kendall
FINANCED
$28,200,000
Florida
See Similar DealsIndustrial65,536 SF
Financed 03/09/2021
FINANCED
Associated Bank Lends $28.2M For Industrial Property In Kendall
13241 Southwest 136th Street, Miami, FL, USA
See Similar DealsIndustrial65,536 SF
Financed 03/09/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$430
Total Square Footage:65,536 SF
Transaction Type:Loan
A three-year term loan in the amount of $28,200,000 has been secured for the industrial property located at 13241 Southwest 136th Street in the Kendall market. The property spans 65,536 square feet and sits on a 10-acre lot.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $28,200,000
- Address: 13241 Southwest 136th Street
- Market: Kendall
- Square Footage: 65,536 SF
- Lot Size: 10 acres
The loan was provided by Associated Bank. The landlord for the property is Ryan Cos., represented by Brian Murray and Lisa Kro.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,200,000.00
Monthly NOI$188,000.00
Monthly Debt Service$178,243.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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