Black Bear Capital Partners Arranges $1.3M Refinance Loan For Industrial Property In Fort Pierce, FL
3801 Oleander Avenue & 3815 Oleander Avenue
$1,300,000
$54/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Dec 22, 2023
AI
The industrial property located at 3801-3815 Oleander Avenue in Fort Pierce, FL has undergone a refinancing transaction. The property is an industrial asset with a total area of 12,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,300,000
The refinancing of the property was facilitated by Eric Trombly from Black Bear Capital Partners. Eric Trombly served as the broker representative in the deal.
Fort Pierce 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93