JLL Facilitates $30.1M Construction Loan For Industrial & Logistics Property In Opa Locka
4100 NW 142nd St
$30,100,000
$80/SF
Building Size
374,433 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
AI
The industrial & logistics property located at 4100 Northwest 142nd Street in Opa Locka spans 374,433 square feet. The asset was involved in a transaction where a Construction Loan amounting to $30,100,000 was secured.
Summary of transaction details:
- Property Type: Industrial & Logistics
- Transaction Amount: $30,100,000
- Landlord: Foundry Commercial & Clarion Partners
- Landlord's Representatives: John Rose, Melissa Rose & Maddy McMillen - JLL
The deal's key individuals and companies included in this transaction are John Rose, Melissa Rose, and Maddy McMillen from JLL, who represented the landlords, Foundry Commercial & Clarion Partners.
Players
Opa Locka MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93