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Wells Fargo Bank Provides $17M Loan For Industrial Property In Hialeah With Kolleen Cobb As Landlord

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FINANCED
$17,000,000

Florida

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Industrial221,000 SF
Financed 01/04/2021
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FINANCED

Wells Fargo Bank Provides $17M Loan For Industrial Property In Hialeah With Kolleen Cobb As Landlord

4151 West 108th Street, Hialeah, FL, USA

See Similar Deals
Industrial221,000 SF
Financed 01/04/2021
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:221,000 SF
Transaction Type:Loan

A $17,000,000 loan was secured for the industrial property located at 4151 W. 108th Street in Hialeah. The lender for this transaction was Wells Fargo Bank.

Summary of transaction details:

  • Property Type: Industrial
  • Loan Amount: $17,000,000
  • Address: 4151 W. 108th Street, Hialeah
  • Market: Hialeah

In addition to the loan, FECI - Kolleen Cobb acted as the landlord for this transaction.

Details

FINANCED
IMAGE: Kolleen Cobb DATE: 01/04/2021 ADDRESS: 4151 W. 108th Street MARKET: Hialeah ASSET TYPE: Industrial LENDER: Wells Fargo Bank LANDLORD: FECI - Kolleen Cobb LOAN AMOUNT: $17,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,000,000.00

Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00