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
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