Schelin Uldricks & Co Secures $18.1M Bridge Financing For Blazer Parkway Portfolio
5240 Blazer Parkway
$18,100,000
$30/SF
Building Size
592,272 SF
Asset Type
Office
Closing
Oct 10, 2023
About this deal
AI
The Blazer Parkway Portfolio, a 592,272-square-foot office and lab complex located at 5240 Blazer Parkway in Dublin, Ohio, has successfully secured $18.1 million in bridge financing. The property is managed by Schelin Uldricks & Co, represented by broker Ethan Schelin.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,100,000
- Address: 5240 Blazer Parkway, Dublin, OH
- Market: Dublin, OH
- Square Footage: 592,272
Schelin Uldricks & Co, through broker Ethan Schelin, successfully facilitated the securing of $18.1 million in bridge financing for the Blazer Parkway Portfolio in Dublin, Ohio. The complex consists of office and lab spaces, catering to various needs within the commercial real estate market. This financing will enable further development and enhancement of the property, ensuring its continued growth and success in the Dublin area.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93