Tuesday, October 4, 2022
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City: Draper

Draper Peaks

87.5 percent leased. It said its purchase price results in a capitalization rate of 8.21 percent, based on existing net operating income. Inland has assumed a $23.9 million mortgage on the property that was provided by Transamerica Financial Life Insuranc

Draper Crossing/212 East 12300 South

Inland would assume the property's $14.8 million of debt as part of the deal. The financing, which is securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2001-CIBC3, carries a 7.33 percent coupon and matures in December 2011.

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