Northmarq Arranges $5.3M Refinance Loan For Retail Property In Omaha, NE
605 North 98th Street, Omaha, Nebraska 68114, United States
$5,300,000
$120,454/SF
Building Size
44 SF
Asset Type
Retail
Closing
Jan 18, 2023
About this deal
AI
The retail property located at 605 N. 98th St in Omaha, NE recently underwent a loan refinance transaction. The property, spanning approximately 44,000 square feet, was involved in the deal. The loan amount for this transaction was $5,300,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,300,000
- Market: Omaha, NE
- Asset Type: Retail
- Square Footage: 44,000
- Broker: John Reed from Northmarq
- Loan Type: Refinance
John Reed from Northmarq was the broker representing the parties involved in this loan refinance.
Players
Omaha 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93