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4701 Lyons Tech Parkway

Stockbridge Capital Group Secures $24.5M Acquisition Loan For Industrial Property In Coconut Creek
FINANCEDIndustrial

Stockbridge Capital Group Secures $24.5M Acquisition Loan For Industrial Property In Coconut Creek

4701 Lyons Tech Parkway

$24,500,000

$105/SF

Building Size

232,833 SF

Asset Type

Industrial

Closing

Nov 3, 2023

AI

Located at 4701 Lyons Tech Parkway in Coconut Creek, this industrial property spans 232,833 square feet. The transaction involved an acquisition loan of $24,500,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $24,500,000
  • Address: 4701 Lyons Tech Parkway
  • Market: Coconut Creek
  • Size: 232,833 square feet

Stockbridge Capital Group, represented by Thomas Grusecki Jr., is the landlord of this industrial property. JLL, represented by Melissa Rose, Michael DiCosimo, and Mateo Bolivar, served as the landlord's representative in this deal.

Players

Michael DiCosimo

JLL

Broker

$1.6B

vol

37 deals

Broker
Stockbridge
StockbridgeLandlord

Coconut Creek Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93