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4125 W Lake Mary Blvd, Lake...

Morgan Stanley Bank Provides $5.4M Acquisition Loan For Retail Property In Lake Mary, Orlando
FINANCEDRetail

Morgan Stanley Bank Provides $5.4M Acquisition Loan For Retail Property In Lake Mary, Orlando

4125 W Lake Mary Blvd, Lake Mary, FL, USA

$5,400,000

$143/SF

Building Size

37,685 SF

Asset Type

Retail

Closing

Sep 16, 2021

AI

The retail property located at 4125 W Lake Mary Blvd in Lake Mary, Orlando has undergone a recent loan transaction. The property spans approximately 37,685 square feet and was acquired as part of the deal.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,400,000
  • Loan Type: Acquisition
  • Loan Terms: 7-year term, 4.65%

The loan for this transaction was provided by Morgan StanleyBank. The loan amount totaled $5,400,000 and it was utilized for the acquisition of the property. The terms of the loan include a 7-year term with an interest rate of 4.65%. The brokers involved in the deal were Dan Gorczycki and Peter Stobierski, representing TrueRate Services.

Players

Dan Gorczycki

Broker

$142.5M

vol

6 deals

Broker

Morgan Stanley

Morgan Stanley

Lender

$509.7M

vol

5 deals

Lender
Morgan Stanley
Morgan Stanley Lender

Lake Mary 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93