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11500 Northlake Drive

$12.675 Million Refinance Secured By Eliezer Finkel & Rael Gervis For Office In Cincinnati
FINANCEDOffice

$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

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.

Players

Rael Gervis

Meridian Capital Group

Broker

$1.2B

vol

23 deals

Broker

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