Steven McCraney Secures $25.83 Million Loan For Industrial Asset At 11702 Trade Park Way
11702 Trade Park Way
$25,830,000
$86/SF
Building Size
299,030 SF
Asset Type
Industrial
Closing
Apr 3, 2025
AI
The asset involved in this transaction is an industrial property located at 11702 Trade Park Way in the Tampa market, encompassing a total square footage of 299,030. The transaction was secured by a construction loan amounting to $25,830,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $25,830,000
- Address: 11702 Trade Park Way
- Market: Tampa
- Asset Size: 299,030 SF
- Landlord: Steven McCraney
- Brokers: Melissa Rose, Michael DiCosimo, Justin Ratcliffe, and Nicole Barba - JLL
- Loan Type: Construction
The key individuals involved in this transaction include landlord Steven McCraney and brokers Melissa Rose, Michael DiCosimo, Justin Ratcliffe, and Nicole Barba who represent the interests of the landlord in this deal. Their collaboration facilitated the successful acquisition of the construction loan for the property.
Players
Babylon Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93