JLL Capital Markets Arranges $73.35M Refinancing Loan For Industrial Properties In Doral, Medley, And Cooper City, Miami
8305 Northwest 27th Street
$73,350,000
$102/SF
Building Size
713,481 SF
Asset Type
Industrial
Closing
Jan 12, 2022
AI
The recent closed transaction involves an industrial property located at 8305 NW 27th St, 8150 NW 76th St., 2101 NW 82nd St., 3000 NW 125th St., 2229-12260 SW 53rd & 12323 SW 55th Streets in the areas of Doral, Medley, Cooper City, and Miami. This property spans a total of 713,481 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $73,350,000
- Loan Type: Refinancing Loan
- Loan Terms: 10-year, fixed-rate, interest-only loan
The landlord for this property is Seagis Property Group LP. The transaction was facilitated by Greg Nalbandian, Jim Cadranell, Maxx Carney, and Michael Lachs from JLL Capital Markets.
The loan obtained for this transaction amounts to $73,350,000. It is a 10-year, fixed-rate, interest-only loan used for refinancing purposes.
Players
Doral 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93