$12.675 Million Refinance Secured By Eliezer Finkel & Rael Gervis For Office In Cincinnati
11500 Northlake Drive
$12,675,000
$74/SF
Building Size
170,464 SF
Asset Type
Office
Closing
Jul 29, 2024
About this deal
AI
The property asset involved in this transaction is an office located at 11500 Northlake Drive, Cincinnati, OH. The asset spans a total of 170,464 square feet. The refinancing loan amount for this property is $12,675,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,675,000
- Address: 11500 Northlake Drive
- Market: Cincinnati, OH
- Asset Size: 170,464 SF
- Loan Type: Refinance
Representing the deal are brokers Eliezer Finkel and Rael Gervis from Meridian Capital Group. They facilitated the refinancing transaction for this office property in the Cincinnati market.
On the Map
$12,675,000
$74/SF
Office
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Players
Cincinnati Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93