Marcus & Millichap Capital Corporation Facilitates $2.7M Loan For Gas Station In Rockledge
1990 Viera Boulevard, Rockledge, Florida 32955, United States
$2,700,000
Building Size
—
Asset Type
Retail
Closing
Feb 1, 2022
AI
A gas station located at 1990 Viera Boulevard in Rockledge has recently undergone a closed property transaction that involved a loan. The transaction occurred on 02/02/2022 and was facilitated by brokers Robert Noeldechen and Steve Goldwyn from Marcus & Millichap Capital Corporation (MMCC).
Summary of transaction details:
- Property Type: Gas Station
- Transaction Amount: $2,700,000
- Loan Terms: The loan was a 10-year, 70-percent LTV loan with an interest rate of 3.61 percent.
Robert Noeldechen and Steve Goldwyn from MMCC played a key role as brokers in facilitating the loan for the gas station transaction at 1990 Viera Boulevard. Their expertise in the field of commercial real estate finance and capital markets contributed to the successful completion of this deal.
Players
Rockledge 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93