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
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