Vertix Group Provides $18.25M Refinance Loan For Doral Office Property
10305 Northwest 58th Street, Doral, FL 33178, USA
$18,250,000
$121/SF
Building Size
149,797 SF
Asset Type
Office
Closing
Sep 2, 2021
About this deal
AI
Located at 10305 N.W. 58th St. in Doral, this office property spans a total of 149,797 square feet. The transaction took place on September 2, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $18,250,000
- Market: Doral
The loan for this transaction was provided by Vertix Group, represented by Albert Arisso and Frank Hermosa. The loan amount was $18,250,000, and it was a refinance loan.
The office loan at 10305 Northwest 58th Street, Doral, FL 33178, USA in Doral, Florida financed for $18.3M in 2021. The building is 149,797 square feet, implying about 121 per square foot on the published price. Named participants on the 10305 Northwest 58th Street, Doral, FL 33178, USA loan are Albert Arisso, Frank Hermosa. This page is the Doral, Florida file for the 10305 Northwest 58th Street, Doral, FL 33178, USA office financed: pricing, party profiles, and other closed office comps from the same Doral sit in the Market section below. Filter that Doral office set by closing date to see what else financed near 10305 Northwest 58th Street, Doral, FL 33178, USA around 2021. Published consideration for 10305 Northwest 58th Street, Doral, FL 33178, USA is $18.3M, dated 2021. Cite this Vertix Group Provides $18.25M Refinance Loan For Doral Office Property loan when underwriting similar office product around Doral, Florida.
Players
Doral Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93