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.
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