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1000 Campus Drive, Collegev...

TriState Capital Bank Provides $8.5M Refinancing Loan For 81,400 SF Office In Collegeville, Pennsylvania
FINANCEDOffice

TriState Capital Bank Provides $8.5M Refinancing Loan For 81,400 SF Office In Collegeville, Pennsylvania

1000 Campus Drive, Collegeville, Pennsylvania 19426, United States

$8,500,000

$104,938/SF

Building Size

81 SF

Asset Type

Office

Closing

Jan 25, 2023

AI

Located at 1000 Campus Drive in Collegeville, Pennsylvania, this Office property spans a total of 81,400 square feet. The transaction involved a refinancing loan provided by TriState Capital Bank for a loan amount of $8,500,000. The landlord of the property is 1000 Campus Partners LLC. The brokers responsible for this deal were Jack Cortese and David Frankel from D2 Capital Advisors.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $8,500,000
  • Address: 1000 Campus Drive
  • Market: Collegeville, Pennsylvania
  • Asset Type: Office
  • Square Footage: 81,400
  • Lender: TriState Capital Bank
  • Landlord: 1000 Campus Partners LLC
  • Brokers: Jack Cortese & David Frankel - D2 Capital Advisors
  • Loan Type: Refinancing Loan

The deal involved the cooperation of various individuals and companies. Jack Cortese and David Frankel from D2 Capital Advisors played a pivotal role as brokers representing the parties involved in the transaction. Their expertise in the field ensured a successful refinancing loan from TriState Capital Bank for the property located at 1000 Campus Drive.

Players

Jack Cortese

D2 Capital Advisors

Broker

$362.4M

vol

13 deals

Broker

Collegeville 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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93