Updated Nov 7, 2025
City National Bank Provides $5.3 Million Refinance Loan For Industrial Property In Melbourne
3161 Skyway Circle
$5,300,000
$106/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Oct 30, 2025
About this deal
AI
The property involved in the transaction is an industrial asset located at 3161 Skyway Circle in the Melbourne market. It encompasses a total square footage of 50,000. The loan amount secured for this property is $5,300,000, categorized as a refinance loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Lender: City National Bank
- Landlord: Rob Sekula & Gediminas Bulota - North Park Ventures
- Loan Type: Refinance
- Date of Transaction: 10/31/2025
The deal features two key individuals, Rob Sekula and Gediminas Bulota, who represent North Park Ventures as landlords in this transaction. City National Bank serves as the lender for this refinancing deal.
On the Map
$5,300,000
$106/SF
Industrial
View full map
Players
Melbourne Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Gediminas Bulota to view all their deals.
Browse Melbourne industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93