Bergman Real Estate Group & Eightfold Real Estate Capital Acquires Office In Madison For $29.9M
7 Giralda Farms
$29,900,000
$126/SF
Building Size
236,809 SF
Asset Type
Office
Closing
Oct 15, 2021
AI
The property involved in this closed transaction is an office building located at 7 Giralda Farms in Madison. The property spans a total of 236,809 square feet. It was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $29,900,000
- Address: 7 Giralda Farms, Madison
- Market: Madison
- Loan Amount: $29,900,000
The lender in this transaction is Shem Creek Capital. The property is owned by Bergman Real Estate Group and Eightfold Real Estate Capital, with Jerome Bergman representing them. The brokers involved in the deal are Michael Klein, Greg Nalbandian, and Gerard Quinn from JLL Capital Markets. The loan is a four-year, floating-rate loan provided for the acquisition of the property.
Players
Madison Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93