Grubb Properties Secures $25.04M Loan For Mixed-use Property In Chapel Hill, NC
137 East Franklin Street
$25,035,000
$195/SF
Building Size
128,000 SF
Asset Type
Mixed-use
Closing
Nov 7, 2023
AI
The mixed-use property located at 137 East Franklin Street in Chapel Hill, NC has recently undergone a closed transaction. The property spans over 128,000 square feet and is owned by Grubb Properties.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $25,035,000
The loan for this transaction was provided by Thorofare Capital, with David Perlman, Jacob Yi, Paul Kim, and Robert Cooper representing the lender. Cooper Horowitz, led by Brandon Fox, acted as the broker in this deal.
Players
Chapel Hill Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93