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9333 South John Young Parkw...

JLL Arranges $120M Refinance Loan For Industrial Property In Orlando
FINANCEDIndustrial

JLL Arranges $120M Refinance Loan For Industrial Property In Orlando

9333 South John Young Parkway, Orlando, FL 32819

$120,000,000

$92/SF

Building Size

1,300,000 SF

Asset Type

Industrial

Closing

Dec 23, 2021

AI

The industrial property located at 9333 South John Young Parkway in Orlando has recently undergone a refinance loan transaction. The property spans approximately 1,300,000 square feet, making it a significant asset in the industrial market.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $120,000,000
  • Date: 12/23/2021
  • Address: 9333 South John Young Pkwy
  • Market: Orlando

The lender involved in the refinance loan is Lincoln Financial Group. Serving as the landlord in this transaction are McCraney Property Company and Tavistock Development Company. The deal was facilitated by brokers Melissa Rose, Maxx Carney, and Reid Carleton from JLL.

Players

Maxx Carney

Bellwether Enterprise (BWE)

Broker

$987M

vol

20 deals

Broker
Lincoln Financial Group
Lincoln Financial GroupLender

Orlando 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

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93