Avison Young Secures $139M Construction Loan For Office Building On Saint Albans Drive, Raleigh NC
FINANCED
$139,000,000
North Carolina
See Similar DealsOffice350,000 SF
Financed 10/13/2022
FINANCED
Avison Young Secures $139M Construction Loan For Office Building On Saint Albans Drive, Raleigh NC
1010 Saint Albans Drive, Raleigh, North Carolina 27609, United States
See Similar DealsOffice350,000 SF
Financed 10/13/2022
Summary
NORTH CAROLINA
Asset Type:Office
Price Per Square Foot:$397
Total Square Footage:350,000 SF
Transaction Type:Loan
The property involved in this transaction is an office building located at 1010 Saint Albans Drive in Raleigh, NC. The property spans 350,000 square feet and is owned by Dewitt Carolinas.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $139,000,000
- Market: Raleigh, NC
The construction loan for this transaction was facilitated by Wes Boatwright, Michael Yavinsky, Jon Goldstein, and Connor Burke from Avison Young.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$139,000,000.00
Monthly NOI$926,666.67
Monthly Debt Service$878,574.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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