Morgan Stanley Bank Of America Merrill Lynch Trust Provides $123.94M CMBS Financing For Retail Property In Tampa
8021 Citrus Park Town Center Boulevard, Tampa, Florida 33625, United States
$123,940,000
Building Size
—
Asset Type
Retail
Closing
May 19, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 8021 Citrus Park Town in Tampa. The loan for this transaction was provided by Morgan Stanley Bank of America Merrill Lynch Trust. The loan amount for this transaction was $123,940,000, and it was obtained through CMBS financing.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $123,940,000
- Lender: Morgan Stanley Bank of America Merrill Lynch Trust
- Loan Type: CMBS financing
In this transaction, Morgan Stanley Bank of America Merrill Lynch Trust acted as the lender. The financing provided through CMBS enabled the acquisition of the retail property located at 8021 Citrus Park Town in Tampa.
Players
Tampa Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93