Updated Mar 11, 2025
Alico Capital Provides $7.56M Acquisition Loan To Midwest USA Acquisitions
5130 Mckinley Street
$7,557,200
$33/SF
Building Size
225,428 SF
Asset Type
Package Deal
Closing
Apr 3, 2024
About this deal
AI
The package deal at 5130 Mckinley Street in Detroit, Michigan consists of 225,428 square feet. The acquisition loan amount for this property is $7,557,200, facilitated by Alico Capital.
Summary of transaction details:
- Property Type: Package Deal ~ SFL 225,428
- Transaction Amount: $7,557,200
- Lender: Alico Capital
- Landlord: Andrew Goldstein and Benjamin Schwartz - Midwest USA Acquisitions
Nabil Rhazi from Alico Capital represented the lender in the deal, while James Bufalino from Premier Property Services represented the landlords Andrew Goldstein and Benjamin Schwartz of Midwest USA Acquisitions.
Players
Detroit Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.10%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93