Seagis Property Group LP Secures $112M Refinancing Loan For Miami Industrial Portfolio | 255 Northeast 181st Street, 3075 Northwest 10th Avenue, 8850 Northwest 15th Street, 9700 Northwest 17th Street, 10100 Northwest 25th Street, 10005 Northwest 58th Street, 12800 Northwest 113th Court, 3501 Commerce Parkway, 1919 Northwest 19th Street, 2765 Southwest 36th Street, 3400-3406 Southwest 26th Terrace & 280 Northwest 12th Avenue | Michael Lachs, Maxx Carney, Jim Cadranell, Gregory (Greg) Nalbandian | Industrial | Loan

Summary

Loan

FLORIDA

Industrial

895,958 sqft

The recent transaction in Miami, Doral, Medley, Miramar, Ft. Lauderdale, and Pompano Beach involved the refinancing of an industrial property portfolio. The portfolio encompasses a total of 895,958 square feet and includes multiple locations: 255 NE 181st St, 3075 NW 10th Ave, 8850 NW 15th St, 9700 NW 17th St, 10100 NW 25th St, 10005 NW 58th St, 12800 NW 113th Court, 3501 Commerce Parkway, 1919 NW 19th St, 2765 SW 36th St, 3400-3406 SW 26th Terrace, and 280 NW 12th Ave. Seagis Property Group LP is the landlord of these properties.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $112,000,000
Loan Type: Refinancing Loan
Loan Terms: Seven-year, fixed-rate loan

JLL Capital Markets represented the borrower in this refinancing loan. The team of brokers involved in the transaction includes Jim Cadranell, Gregory Nalbandian, Maxx Carney, and Michael Lachs. Their expertise helped facilitate the successful completion of this seven-year, fixed-rate loan refinancing deal for the industrial property portfolio.

Players

All
5

Agents
4
Agencies
1

$8.9M Sold

Senior Managing Director

$33M Sold

Gregory (Greg) Nalbandian

Senior Managing Director

$29M Sold

JLL

Details

Deal Summary

FINANCED

IMAGE: Michael Lachs, Gregory Nalbandian, Maxx Carney & Jim Cadranell DATE: 10/10/2022 ADDRESS: 255 NE 181st St, 3075 NW 10th Ave, 8850 NW 15th St, 9700 NW 17th St, 10100 NW 25th St, 10005 NW 58th St, 12800 NW 113th Court, 3501 Commerce Parkway, 1919 NW 19th St, 2765 SW 36th St, 3400-3406 SW 26th Terrace & 280 NW 12th Ave MARKET: Miami, Doral, Medley, Miramar, Ft. Lauderdale & Pompano Beach ASSET TYPE: Industrial ~ SF: 895,958 LANDLORD: Seagis Property Group LP BROKERS: Jim Cadranell, Gregory Nalbandian, Maxx Carney & Michael Lachs - JLL Capital Markets (@JLL) LOAN AMOUNT: $112,000,000 LOAN TYPE: Refinancing Loan LOAN TERMS: seven-year, fixed-rate loan

View on map

Address255 Northeast 181st Street, 3075 Northwest 10th Avenue, 8850 Northwest 15th Street, 9700 Northwest 17th Street, 10100 Northwest 25th Street, 10005 Northwest 58th Street, 12800 Northwest 113th Court, 3501 Commerce Parkway, 1919 Northwest 19th Street, 2765 Southwest 36th Street, 3400-3406 Southwest 26th Terrace & 280 Northwest 12th Avenue

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