Grupo Trusot Secures $22.32 Million Construction Loan For Industrial Asset In Melbourne
FINANCED
$22,321,000
+ 1
Florida
See Similar DealsIndustrial194,480 SF
Financed 12/31/2024
FINANCED
Grupo Trusot Secures $22.32 Million Construction Loan For Industrial Asset In Melbourne
Opportunity Drive
See Similar DealsIndustrial194,480 SF
Financed 12/31/2024
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$114
Total Square Footage:194,480 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 0 Opportunity Drive, Melbourne. It is classified as an industrial property with a total square footage of 194,480. The loan amount associated with this property is $22,321,000, categorized as a construction loan. The landlord for this asset is Grupo Trusot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,321,000
- Square Footage: 194,480
- Address: 0 Opportunity Drive
- Market: Melbourne
- Landlord: Grupo Trusot
- Brokers: Max La Cava, Pier Barinci, Michael DiCosimo & Aaliyah St. Louis - JLL
The deal includes notable brokers representing the transaction: Max La Cava, Pier Barinci, Michael DiCosimo, and Aaliyah St. Louis, all affiliated with JLL. Their involvement highlights the collaborative effort in facilitating this construction loan arrangement for the industrial asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,321,000.00
Monthly NOI$148,806.67
Monthly Debt Service$141,083.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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