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5045 Commerce Park Circle, ...

Sunny Sajnani Arranges $46.4M Construction Loan For Office In Pensacola
FINANCEDOffice

Sunny Sajnani Arranges $46.4M Construction Loan For Office In Pensacola

5045 Commerce Park Circle, Pensacola, Florida 32505, United States

$46,400,000

Building Size

Asset Type

Office

Closing

Feb 15, 2022

AI

Located in Pensacola, the office property at 5045 Commerce Park Circle recently secured a loan for its construction. The deal was facilitated by broker Sunny Sajnani from Marcus & Millichap Capital Corp. The loan amount was $46,400,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $46,400,000

The 15-month construction loan will be followed by a 25-year, self-amortizing loan. This financing arrangement will support the development of the office property at 5045 Commerce Park Circle, allowing it to be completed and ready for use. Sunny Sajnani from Marcus & Millichap Capital Corp played a key role in securing this loan, ensuring that the project could proceed as planned.

Players

Sunny Sajnani

Marcus & Millichap

Broker

$452.6M

vol

9 deals

Broker

Pensacola 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93