Updated Dec 4, 2024
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
About this deal
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.
The industrial loan at 3440 Craftsman Boulevard in Lakeland, Florida financed for $2.4M in 2024. The building is 44,400 square feet, implying about 54 per square foot on the published price. Ariel Forman, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Lakeland, Florida file for the 3440 Craftsman Boulevard industrial financed: pricing, party profiles, and other closed industrial comps from the same Lakeland sit in the Market section below. Filter that Lakeland industrial set by closing date to see what else financed near 3440 Craftsman Boulevard around 2024. Published consideration for 3440 Craftsman Boulevard is $2.4M, dated 2024. Cite this Ariel Forman Of Meridian Capital Group Arranges $2.4M Acquisition Loan In Lakeland loan when underwriting similar industrial product around Lakeland, Florida.
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