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13489 Cortez Boulevard

Updated Dec 4, 2024

Joseph Landsberg Of BDIM Capital Secures $7.5 Million Refinance Loan For Package Deal In Florida
FINANCEDPackage Deal

Joseph Landsberg Of BDIM Capital Secures $7.5 Million Refinance Loan For Package Deal In Florida

13489 Cortez Boulevard, 4567 John Sims Parkway & 3010 Archer Road

$7,500,000

$187/SF

Building Size

13,360 SF

Asset Type

Package Deal

Closing

Sep 18, 2024

About this deal

AI

A package deal involving three properties located at 13489 Cortez Boulevard, 4567 John Sims Parkway, and 3010 Archer Road was handled by BDIM Capital. The total asset size for this package is 13,360 square feet, situated in the Brooksville, Niceville, and Gainesville markets.

Summary of transaction details:

The loan for this transaction was facilitated by Joseph Landsberg, representing BDIM Capital in the refinancing process. This engagement reflects the firm's expertise in handling significant property loan transactions within the specified markets.

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$7,500,000

$187/SF

Package Deal

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Players

Joseph Landsberg

TKG Commerical

Broker

$51.2M

vol

6 deals

Broker
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Brooksville Package Deal Market Snapshot

Boundary boundary · Package Deal · Loan transactions

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Deal FAQ

About $187 per square foot on a published $7.5M for 40,080 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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