Updated Dec 4, 2024
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
12,000 SF
Asset Type
Industrial
Closing
Dec 22, 2023
About this deal
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.
The industrial loan at 3801 Oleander Avenue in Fort Pierce, Florida financed for $1.3M in 2023. The building is 24,000 square feet, implying about 54 per square foot on the published price. Eric Trombly, Black Bear Capital Partners appear on the loan alongside Black Bear Capital Partners. This page is the Fort Pierce, Florida file for the 3801 Oleander Avenue industrial financed: pricing, party profiles, and other closed industrial comps from the same Fort Pierce sit in the Market section below. Filter that Fort Pierce industrial set by closing date to see what else financed near 3801 Oleander Avenue around 2023. Published consideration for 3801 Oleander Avenue is $1.3M, dated 2023. Cite this Black Bear Capital Partners Arranges $1.3M Refinance Loan For Industrial Property In Fort Pierce, FL loan when underwriting similar industrial product around Fort Pierce, Florida.
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