facebook
Traded Co logo
Submit
Daily limit: 0/10

CBRE Arranges $15.2M Refinance Loan For Shoppes Of Southbay In Riverview

Property Image
FINANCED
$15,200,000
Mackenzie Lampman
Paul Ahmed

Florida

See Similar Deals
Retail99,542 SF
Financed 09/25/2023
the dealplayerscompscontact
Property Image
FINANCED

CBRE Arranges $15.2M Refinance Loan For Shoppes Of Southbay In Riverview

10655 Big Bend Road

See Similar Deals
Retail99,542 SF
Financed 09/25/2023
Mackenzie Lampman
Paul Ahmed
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$152
Total Square Footage:99,542 SF
Transaction Type:Loan

The fully leased Shoppes of Southbay, a 99,542-square-foot retail center located at 10655 Big Bend Road in Riverview, has been refinanced with a loan amount of $15.2 million. The property is owned by a partnership between Peter Wenzel of Wenzel Investment Group and Victor Ferraez, who acquired the property in 2013.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,200,000
  • Square Footage: 99,542
  • Address: 10655 Big Bend Road
  • Market: Riverview
  • Landlord: Peter Wenzel - Wenzel Investment Group
  • Brokers: Paul Ahmed & Mackenzie Lampman - CBRE

CBRE has arranged the $15.2 million loan for the refinancing of Shoppes of Southbay. The loan was secured for the partnership between Peter Wenzel and Victor Ferraez, demonstrating their commitment to the property since acquiring it in 2013.

Players

Paul Ahmed
CBRE
Paul Ahmed
13 deals$262.9M volume
BROKER
Mackenzie Lampman
CBRE
Mackenzie Lampman
7 deals$191.2M volume
BROKER

Details

FINANCED
IMAGE: Peter Wenzel, Mackenzie Lampman & Paul Ahmed DATE: 09/25/2023 ADDRESS: 10655 Big Bend Road MARKET: Riverview ASSET TYPE: Retail ~ SF: 99,542 LANDLORD: Peter Wenzel - Wenzel Investment Group; Victor Ferraez BROKERS: Paul Ahmed & Mackenzie Lampman (@kenzlampman) - CBRE (@cbre) LOAN AMOUNT: $15,200,000 LOAN TYPE: Refinance NOTE: CBRE has arranged a $15.2 million loan for the refinancing of the fully leased Shoppes of Southbay, a 99,542-square-foot retail center in Riverview. The loan was secured for a partnership between Peter Wenzel of Wenzel Investment Group and Victor Ferraez, who acquired the property in 2013.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,200,000.00

Monthly NOI$101,333.33
Monthly Debt Service$96,074.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00