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

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FINANCED
$15,600,000
Jon Mikula
Maxx Carney
+ 1

Florida

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Office128,012 SF
Financed 06/22/2022
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FINANCED

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

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

See Similar Deals
Office128,012 SF
Financed 06/22/2022
Jon Mikula
Maxx Carney
+ 1
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$121
Total Square Footage:128,012 SF
Transaction Type:Loan

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
20 deals$987M volume(305) 786-6179
BROKER

Michael Klein
JLL
77 deals$2.6B volume(973) 549-2005
BROKER

Jon Mikula
JLL
42 deals$1.8B volume(973) 549-2006
BROKER

Ryan Carroll
JLL
25 deals$936.9M volume
BROKER

Bank United
LENDER

Details

FINANCED
IMAGE: Michael Klein DATE: 06/22/2022 ADDRESS: 6903-6947 University Blvd MARKET: Winter Park ASSET TYPE: Office ~ SF: 128,012 ~ ACRES: 12.28 LENDER: BankUnited (@BankUnited.Official) LANDLORD: Denholtz Properties (@DenholtzProperties) BROKERS: Michael Klein, Jon Mikula, Maxx Carney & Ryan Carroll - JLL (@JLL) LOAN AMOUNT: $15,600,000 LOAN TERMS: seven-year

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,600,000.00

Monthly NOI$104,000.00
Monthly Debt Service$98,602.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00