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
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