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Goldman Sachs Provides $477M Loan For Retail Property On North Westshore Boulevard In Tampa

Property Image
FINANCED
$477,000,000

Florida

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Retail178,429 SF
Financed 10/13/2021
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Property Image
FINANCED

Goldman Sachs Provides $477M Loan For Retail Property On North Westshore Boulevard In Tampa

2223 North West Shore Boulevard, Tampa, FL 33614, USA

See Similar Deals
Retail178,429 SF
Financed 10/13/2021
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,673
Total Square Footage:178,429 SF
Transaction Type:Loan

Located at 2223 North Westshore Boulevard in Tampa, this retail property was involved in a closed transaction. The property is owned by David E. Simon, the CEO of Simon Property Group, along with Taubman Realty Group and Nuveen as landlords. The property is situated in the Tampa market.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $477,000,000
  • Loan: Goldman Sachs
  • Loan Terms: floating-rate commercial mortgage-backed securities (CMBS) financing includes a fully extended five-year term

In this transaction, Goldman Sachs provided a loan of $477,000,000 for the retail property. The loan terms include floating-rate commercial mortgage-backed securities (CMBS) financing, with a fully extended five-year term.

Players

Simon Property Group
Simon Property Group
BROKERAGE
Nuveen
Nuveen
LENDER
Goldman Sachs
Goldman Sachs
LENDER
Nuveen
Nuveen
LANDLORD
Simon Property Group
Simon Property Group
LANDLORD

Details

FINANCED
IMAGE: David E. Simon DATE: 10/13/2021 ADDRESS: 2223 North Westshore Boulevard MARKET: Tampa ASSET TYPE: Retail LENDER: Goldman Sachs LANDLORD: @SimonPropertyGroup - David E. Simon; Taubman Realty Group & Nuveen LOAN AMOUNT: $477,000,000 LOAN TERMS: floating-rate commercial mortgage-backed securities (CMBS) financing includes a fully extended five-year term

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$477,000,000.00

Monthly NOI$3,180,000.00
Monthly Debt Service$3,014,964.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00