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6903 University Boulevard, ...

Denholtz Properties Secures $15.6M Loan For Office Property In Winter Park
FINANCEDOffice

Denholtz Properties Secures $15.6M Loan For Office Property In Winter Park

6903 University Boulevard, Winter Park, Florida 32792, United States

$15,600,000

$121/SF

Building Size

128,012 SF

Asset Type

Office

Closing

Jun 21, 2022

AI

The office property located at 6903-6947 University Blvd in Winter Park has been involved in a recent transaction. The property spans an area of 128,012 square feet and sits on 12.28 acres. The transaction took place on June 22, 2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $15,600,000
  • Address: 6903-6947 University Blvd, Winter Park
  • Market: Winter Park
  • Asset Type: Office
  • Square Footage: 128,012
  • Acres: 12.28

The loan for this transaction was provided by BankUnited. Denholtz Properties acted as the landlord in the deal. JLL represented both parties in the transaction, with Michael Klein, Jon Mikula, Maxx Carney, and Ryan Carroll serving as brokers from JLL. The loan amount for the transaction was $15,600,000, and the loan terms are set for a seven-year period.

Players

Maxx Carney

Bellwether Enterprise (BWE)

Broker

$987M

vol

20 deals

Broker
Bank United
Bank UnitedLender
Denholtz Properties
Denholtz PropertiesLandlord

Winter Park 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93