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CBRE Secures $12.9M Refinance Loan For Publix-Anchored Wynnehaven Plaza In Navarre, FL

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FINANCED
$12,900,000
Taylor Crowder
Richard Henry
Brian Linnihan
+ 1

Florida

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Retail64,995 SF
Financed 08/04/2023
the dealplayerscompscontact
Property Image
FINANCED

CBRE Secures $12.9M Refinance Loan For Publix-Anchored Wynnehaven Plaza In Navarre, FL

10040 Navarre Pkwy Navarre, FL 32566, USA

See Similar Deals
Retail64,995 SF
Financed 08/04/2023
Taylor Crowder
Richard Henry
Brian Linnihan
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$198
Total Square Footage:64,995 SF
Transaction Type:Loan

CBRE has secured a $12.9 million loan to refinance Wynnehaven Plaza, a fully occupied Publix-anchored shopping center in Navarre, FL. The property is located at 10040 Navarre Parkway and spans a total square footage of 64,995. This retail asset is situated in the highly sought-after market of Navarre.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $12,900,000
  • Address: 10040 Navarre Parkway
  • Market: Navarre
  • Square Footage: 64,995 SF

The loan was obtained from 40|86 Mortgage Capital on behalf of Atlanta-based Branch Properties, the landlord of Wynnehaven Plaza. The brokers from CBRE who facilitated the loan refinance are Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder. They played a crucial role in securing the financing for this transaction.

Players

Brian Linnihan
CBRE
Brian Linnihan
25 deals$1.5B volume
BROKER
Richard Henry
CBRE
Richard Henry
23 deals$1.2B volume(404) 610-6916
BROKER
Taylor Crowder
CBRE
Taylor Crowder
12 deals$730.5M volume
BROKER
Mike Ryan
CBRE
Mike Ryan
20 deals$1.1B volume(703) 217-4526
BROKER
40|86 Mortgage Capital
40|86 Mortgage Capital
LENDER
BP
Branch Properties
LANDLORD

Details

FINANCED
IMAGE: Richard Henry, Mike Ryan, Taylor Crowder & Brian Linnihan DATE: 08/04/2023 ADDRESS: 10040 Navarre Parkway MARKET: Navarre ASSET TYPE: Retail ~ SF: 64,995 LENDER: 40|86 Mortgage Capital LANDLORD: Branch Properties BROKERS: Richard Henry, Mike Ryan, Brian Linnihan & Taylor Crowder - CBRE (@CBRE) LOAN AMOUNT: $12,900,000 LOAN TYPE: Refinance NOTE: CBRE secured a $12.9 million loan to refinance Wynnehaven Plaza, a fully occupied Publix-anchored shopping center in Navarre, FL, on behalf of Atlanta-based Branch Properties. The loan was obtained from 40|86 Mortgage Capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,900,000.00

Monthly NOI$86,000.00
Monthly Debt Service$81,536.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00