Cuna Mutual Life Provides $15.1M Refinance Loan For Lakeland & Ocoee Retail Property
2300 Griffin Rd, Lakeland, FL, USA
$15,120,000
$111/SF
Building Size
136,020 SF
Asset Type
Retail
Closing
Sep 9, 2021
About this deal
AI
Halberstein Investments, led by Daniel Halberstein, has refinanced a retail property located at 2300 Griffin Rd and 1700 E Silver Star Rd in Lakeland and Ocoee. The property spans a total of 136,020 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,120,000
- Lender: Cuna Mutual Life
- Landlord: Halberstein Investments - Daniel Halberstein
- Brokers: Paul Ahmed & Mackenzie Fry - CBRE
Paul Ahmed and Mackenzie Fry, representing CBRE, facilitated the refinance deal for this retail property.
The retail loan at 2300 Griffin Rd, Lakeland, FL, USA in Lakeland, Florida financed for $15.1M in 2021. The building is 136,020 square feet, implying about 111 per square foot on the published price. Paul Ahmed, Mackenzie Fry, Daniel Halberstein, CBRE appear on the loan alongside CBRE. This page is the Lakeland, Florida file for the 2300 Griffin Rd, Lakeland, FL, USA retail financed: pricing, party profiles, and other closed retail comps from the same Lakeland sit in the Market section below. Filter that Lakeland retail set by closing date to see what else financed near 2300 Griffin Rd, Lakeland, FL, USA around 2021. Published consideration for 2300 Griffin Rd, Lakeland, FL, USA is $15.1M, dated 2021. Cite this Cuna Mutual Life Provides $15.1M Refinance Loan For Lakeland & Ocoee Retail Property loan when underwriting similar retail product around Lakeland, Florida.
Players
Lakeland 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
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93