Paul Kaplan And Jay Massirman Landlord Loan Of $15.25M Secured From United Commonwealth Bank In Naples
3001 Tamiami Trail North
$15,250,000
$251/SF
Building Size
60,572 SF
Asset Type
Office
Closing
Jun 16, 2026
AI
The property asset involved in this transaction is an office building located at 3001 Tamiami Trail North in Naples. The asset has a total square footage of 60,572 and is part of the office market. The loan amount secured for this acquisition was $15,250,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,250,000
- Address: 3001 Tamiami Trail North
- Market: Naples
- Asset Size: 60,572 SF
- Lender: United Commonwealth Bank
- Landlord: Paul Kaplan, Jay Massirman, Drew Massirman, Tere Blanca & Brian Gitlin
- Landlord's Representatives: Chris Drew, Paul Stasaitis & Patrick Salata - JLL
- Loan Type: Acquisition
The key individuals involved in the transaction include Paul Kaplan, Jay Massirman, Drew Massirman, Tere Blanca, and Brian Gitlin representing the landlord. The loan was facilitated by United Commonwealth Bank, and the landlord's representatives include Chris Drew, Paul Stasaitis, and Patrick Salata from JLL.
Players
Market 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93