Goldman Sachs Provides $477M Loan For Retail Property On North Westshore Boulevard In Tampa
2223 North West Shore Boulevard, Tampa, FL 33614, USA
$477,000,000
$2,673/SF
Building Size
178,429 SF
Asset Type
Retail
Closing
Oct 13, 2021
About this deal
AI
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
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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93