Daily limit: 0/10
Nitze-Stagen & Daniels Real Estate Secures $435M Refinance Loan From Deutsche Bank For Starbucks Center
FINANCED
$435,000,000
+ 1
Washington
See Similar DealsOffice
Financed
FINANCED
Nitze-Stagen & Daniels Real Estate Secures $435M Refinance Loan From Deutsche Bank For Starbucks Center
2401 Utah Avenue South
See Similar DealsOffice
Financed
+ 1
Summary
WASHINGTON
Asset Type:Office
Transaction Type:Loan
The asset involved in this transaction is an office property located at 2401 Utah Avenue South in Seattle, WA. The property secured a refinancing loan amounting to $435,000,000. It is situated in the SoDo District, a notable market area for office spaces.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $435,000,000
- Lender: Deutsche Bank
- Landlord: Nitze-Stagen & Daniels Real Estate
- Brokers: Jordan Roeschlaub, Blake Thompson, Jonathan Firestone & Kevin Shannon - Newmark
- Loan Type: Refinance
This refinancing was arranged by Newmark for the Starbucks Center on behalf of Nitze-Stagen and Daniels Real Estate, providing them with the necessary capital to optimize their asset in a competitive market.
Players
BROKERAGE
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$435,000,000.00
Monthly NOI$2,900,000.00
Monthly Debt Service$2,749,495.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions