The buyer used $35.3 million of acquisition financing from Principal Life Insurance Co. for the deal.
Greystone Servicing Corp. provided a $31.53 million loan, with a 10-year term, for the deal.
The buyer assumed $6.3 million of debt that previously was provided by Wells Fargo Bank.
The Federal Home Loan Mortgage Corp. provided $53.88 million of debt to fund the purchase.
The space consists of outparcel buildings at 5760, 5840 and 5860 Wiles Road and 4180 and 4210 North State Road 7. Continental Casualty Co. provided a $19.15 million loan to the buyer for its purchase.
96.7 percent leased.
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© 2023 Commercial Real Estate Direct All rights reserved..