Northmarq Facilitates $16.7M Loan For Retail Properties In Tampa And Oldsmar
11921 North Dale Mabry Highway, Tampa, Florida 33618, United States
$16,700,000
$144/SF
Building Size
115,309 SF
Asset Type
Retail
Closing
Jun 23, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 11921 N Dale Mabry Hwy, 17002-17030 Palm Pointe Drive, 4011 Tampa Rd & 11100 SW 93rd Court Rd in Tampa, Oldsmar, and Oldsmar. The property spans 115,309 square feet and is situated in these respective markets.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $16,700,000
- Loan Terms: 10-year terms and 30-year amortization schedules
The deal was facilitated by Robert Hernandez from Northmarq, who acted as the broker in this transaction. He represented the involved parties and played a crucial role in the successful completion of the deal.
Players
Tampa 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93