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1990 Viera Boulevard, Rockl...

Marcus & Millichap Capital Corporation Facilitates $2.7M Loan For Gas Station In Rockledge
FINANCEDRetail

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

Robert Noeldechen

Marcus & Millichap

Broker

$14M

vol

4 deals

Broker

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