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751 Oak Street

Strato Secures Refinance Loan For 46,682 SF Medical Office In Jacksonville From FAIRWINDS Credit Union
FINANCEDOffice

Strato Secures Refinance Loan For 46,682 SF Medical Office In Jacksonville From FAIRWINDS Credit Union

751 Oak Street

$20,000,000

Building Size

Asset Type

Office

Closing

Jun 1, 2025

AI

The property involved in this transaction is Riverside Park Place, which is a medical office building encompassing 46,682 square feet. It is situated at 751 Oak Street in the Jacksonville market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Asset Size: 46,682 SF
  • Address: 751 Oak Street
  • Market: Jacksonville
  • Lender: FAIRWINDS Credit Union

The refinancing loan facility was successfully structured by Strato Partners, with Jonathan Sultan and Jonathan E. Singer actively participating as brokers in this transaction. They are associated with Strato, an agency focused on financial solutions in the capital markets and investment sales sector.

Players

Jonathan Sultan

Strato

Broker

$152.6M

vol

4 deals

Broker
S
StratoBrokerage

Jacksonville 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93