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9055 Guilford Road

Adler Real Estate Partners Refinances Package Deal Properties In Columbia, Boca Raton, Delray Beach, Fort Lauderdale, Charlotte, Cary, Hoover, Addison, And Austin For $193M With TIAA Bank
FINANCEDPackage Deal

Adler Real Estate Partners Refinances Package Deal Properties In Columbia, Boca Raton, Delray Beach, Fort Lauderdale, Charlotte, Cary, Hoover, Addison, And Austin For $193M With TIAA Bank

9055 Guilford Road, 1001 Broken Sound Parkway Northwest, 1395 Nw 17th Ave, 5201 Nw 33 Ave, 13504 South Point Boulevard, 15501 Weston Parkway, 2300 Riverchase Office Road, 4505 Excel Parkway & 1835 Kramer Lane

$193,000,000

$12/SF

Building Size

15,523,659 SF

Asset Type

Package Deal

Closing

Jan 23, 2023

AI

The package deal includes properties located in Columbia, Boca Raton, Delray Beach, Fort Lauderdale, Charlotte, Cary, Hoover, Addison, and Austin. The total square footage of the portfolio is 1,724,851.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $193,000,000

The lender for this refinance loan is TIAA Bank, with Lauren Ervin as the point of contact. Adler Real Estate Partners, represented by Matthew Adler and Nick Rahman, are the landlords. JLL, represented by Christopher (Chris) Drew, Melissa Rose, and Christopher Gathman, served as the landlord's representatives.

Players

Christopher Drew

JLL

Broker

$4.7B

vol

48 deals

Broker
TIAA
TIAALender
Matthew Adler

Matthew Adler

Adler Real Estate Partners

Landlord

$222.3M

vol

4 deals

Landlord
Adler Real Estate Partners
Adler Real Estate PartnersLandlord

Market Package Deal Market Snapshot

Boundary boundary · Package Deal · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93