TD Bank Refinances Kissimmee Retail Property For $47.07M
1100 Osceola Parkway
$47,070,000
$88/SF
Building Size
529,212 SF
Asset Type
Retail
Closing
Mar 29, 2024
About this deal
AI
The retail property located at 1100 Osceola Parkway in Kissimmee, FL (Orlando MSA) spans a total of 529,212 square feet. The property is a grocery-anchored asset in a prime location.
Summary of transaction details:
- Property Type: Retail (Grocery-Anchored)
- Transaction Amount: $47,070,000
- Loan Type: Refinance
- Lender: TD Bank
- Landlord: Joint Venture between Hampshire Companies, O'Connor Capital, & Federated Hermes
- Landlord's Representative: Jon Mikula, Michael Klein, Brian Gaswirth, Michael Kavaler & Val McWilliams - JLL
The financing deal of $47,070,000 was handled by TD Bank, providing a refinance for the retail property. The Joint Venture led by Hampshire Companies, O'Connor Capital, and Federated Hermes secured this loan with the assistance of JLL represented by Jon Mikula, Michael Klein, Brian Gaswirth, Michael Kavaler, and Val McWilliams.
On the Map
$47,070,000
$88/SF
Retail
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Players
Kissimmee Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93