FINANCEDIndustrial
Ariel Forman Of Meridian Capital Group Arranges $2.4M Acquisition Loan In Lakeland
3440 Craftsman Boulevard
$2,400,000
$54/SF
Building Size
44,400 SF
Asset Type
Industrial
Closing
Mar 28, 2024
AI
The industrial property located at 3440 Craftsman Boulevard in Lakeland spans a total of 44,400 square feet. The acquisition loan for this property amounted to $2,400,000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Address: 3440 Craftsman Boulevard
- Market: Lakeland
- Asset Type: Industrial
- Broker: Ariel Forman - Meridian Capital Group
The loan for the acquisition of the industrial property was facilitated by Ariel Forman from Meridian Capital Group.
Lakeland 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93