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
Coconut Creek 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93