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BlackRock Provides $26.3M Loan For Tampa Industrial Property

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FINANCED
$26,250,000
Jillian Mariutti
Peter Cecora
+ 3

Florida

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Industrial668,279 SF
Financed 09/22/2020
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Property Image
FINANCED

BlackRock Provides $26.3M Loan For Tampa Industrial Property

5402 Breckenridge Parkway, Tampa, FL, USA & 5402 Breckenridge Parkway, Tampa, FL, USA

See Similar Deals
Industrial668,279 SF
Financed 09/22/2020
Jillian Mariutti
Peter Cecora
+ 3
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$39
Total Square Footage:668,279 SF
Transaction Type:Loan

The industrial property located at 5402-5460 Breckenridge Parkway in Tampa was recently involved in a closed transaction. The property spans a total square footage of 334,279 and is owned by The Arden Group & Avistone. The transaction was facilitated by Jillian Mariutti and Brian Gaswirth of JLL, who represented the interests of the landlord in the deal. The loan for this transaction was provided by BlackRock, amounting to a total of $26,250,000.

Summary of transaction details:

The involvement of Jillian Mariutti and Brian Gaswirth of JLL highlights the crucial role played by these brokers in the transaction. With their expertise and representation, they ensured a successful deal was reached between the parties involved. The loan provided by BlackRock further enabled the completion of this transaction, securing the necessary funds for the deal.

Players

Brian Gaswirth
45 deals$6.3B volume(305) 421-6554
BROKER

Jeff Morris
Colliers
4 deals$104.3M volume(407) 362-6165
BROKER

John Dunphy
JLL
6 deals$66.1M volume
BROKER

Jillian Mariutti
JLL
20 deals$1.7B volume
BROKER

Peter Cecora
JLL
5 deals$66.1M volume
BROKER

Bret Felberg
Colliers
4 deals$104.3M volume
BROKER

Arden Group
LENDER

Arden Group
LANDLORD

Details

FINANCED
IMAGE: Brian Gaswirth, @JillianMariutti_CRE, Shike Goedar, Craig Spencer DATE: 09/22/2020 ADDRESS: 5402 - 5460 Breckenridge Parkway MARKET: Tampa ASSET TYPE: Industrial LENDER: BlackRock LANDLORD: The Arden Group & Avistone BROKERS: Jillian Mariutti, Brian Gaswirth - JLL LOAN AMOUNT: $26,250,000 SF: 334,279

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,250,000.00

Monthly NOI$175,000.00
Monthly Debt Service$165,917.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00