William H. Armstrong Of Stratus Properties Inc Secures $24M Refinance For Mixed-Use Asset In College Station
11675 Wellborn Road
$24,000,000
$226/SF
Building Size
106,000 SF
Asset Type
Mixed-use
Closing
Mar 21, 2025
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 11675 Wellborn Road in the College Station market. The loan amount secured for this refinance transaction is $24,000,000.00, which comes with non-recourse loan terms.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $24,000,000.00
- Loan Type: Refinance
- Loan Terms: non-recourse
- Landlord: William H. Armstrong - Stratus Properties Inc
William H. Armstrong represents Stratus Properties Inc in the transaction, overseeing the refinance process and facilitating the loan arrangement for the property at the specified address.
On the Map
$24,000,000
$226/SF
Mixed-use
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Players
College Station Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93