Berkadia Brokers Refinance Loan For Orlando Mixed-Use Property At 111 Washington Street & $40.7M Loan Amount
111 E Washington St Orlando, FL 32801, USA
$40,700,000
$249/SF
Building Size
163,436 SF
Asset Type
Mixed-use
Closing
Jun 15, 2023
About this deal
AI
The property involved in this closed transaction is a mixed-use asset located at 111 Washington Street in Orlando. It consists of 164 units and has a total commercial square footage of 163,436.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $40,700,000
- Address: 111 Washington Street, Orlando
- Market: Orlando
- Units: 164
- Commercial SF: 163,436
The lender involved in this transaction is Morgan Stanley. The brokers who represented the parties in this deal were Charles Foschini, Christopher (Chris) Apone, and Shannon Wilson from Berkadia.
On the Map
$40,700,000
$249/SF
Mixed-use
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Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93