FM Capital Refinances Industrial Property In Ocala For $15.4M
6045 SE 83rd St
$15,400,000
$19/SF
Building Size
800,000 SF
Asset Type
Industrial
Closing
Jan 2, 2024
AI
In Ocala, a refinance loan was secured for an industrial property located at 6045 Southeast 83rd Street. The property spans 800,000 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,400,000
- Address: 6045 Southeast 83rd Street
- Market: Ocala
- Loan Type: Refinance
- Loan Terms: 30 years
The loan was facilitated by FM Capital, with brokers Michael Mizrahi, JJ Goldblatt, and Yael Ishakis representing the deal. Their expertise in the market contributed to the successful refinancing of the property.
Players
Ocala 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
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93