Workspace Property Trust, Gic, And Mason Capital Secure $142.1M Acquisition Loan In Lincolnshire
3 North Overlook Point
$142,100,000
$142/SF
Building Size
1,000,000 SF
Asset Type
Office
Closing
Dec 28, 2022
About this deal
AI
The property involved in this closed transaction is an office building located at 3 North Overlook Point in Lincolnshire. The property spans approximately 1,000,000 square feet and was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $142,100,000
- Address: 3 North Overlook Point, Lincolnshire
- Market: Lincolnshire
Workspace Property Trust, Gic, and Mason Capital are the landlords of the property. The landlords were represented by Tom Rizk, Lim Chow Kiat, and Jordan Bock respectively. On the other hand, UBS provided the loan for this transaction, with Ralph Hamers acting as the lender. The brokers responsible for the deal were Jordan (Jordy) Roeschlaub and Dustin Stolly from Newmark.
Players
Lincolnshire Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Dustin Stolly to view all their deals.
Browse Lincolnshire office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93