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3501 West Vine Street

Garrett Fierstein Of Marcus & Millichap Secures $4M Refinance Loan For Office In Kissimmee
FINANCEDOffice

Garrett Fierstein Of Marcus & Millichap Secures $4M Refinance Loan For Office In Kissimmee

3501 West Vine Street

$4,000,000

$39/SF

Building Size

101,772 SF

Asset Type

Office

Closing

Mar 28, 2025

AI

The property is an office asset located at 3501 West Vine Street in the Kissimmee market. It has secured a refinance loan amount of $4,000,000.00. This loan is structured as a 10-year loan with an interest rate of 6.25%, featuring a 30-year amortization period.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,000,000.00
  • Loan Type: Refinance
  • Loan Terms: 10-year loan with a 6.25% interest rate and 30-year amortization
  • Address: 3501 West Vine Street
  • Market: Kissimmee

Garrett Fierstein from Marcus & Millichap represented the broker in this refinance transaction involving the office asset. The deal showcases the collaboration between financial institutions and real estate brokerage to facilitate the loan process.

Players

Garrett Fierstein

Marcus & Millichap

Broker

$126.6M

vol

21 deals

Broker

Kissimmee 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93