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
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