Berkadia has written an $80 million Freddie Mac loan against the 43-year-old property. The debt has a three-year term.
83 percent occupied. The collateral property consists of three multi-tenant office buildings and a 2,544-sf bank building at 11760, 11770, 11780 and 11790 U.S. Highway 1, near Interstate 95.
The deal was financed with a $7.28 million loan from BankUnited.
The deal includes a vacant 3.21-acre development site on Ellison Wilson Road behind the property. Mercantil Bank provided a $20.36 million loan, with a 10-year term, for the purchase.
97 percent occupied.
Texas Capital Bank provided $26.6 million of debt for the purchase.
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© 2023 Commercial Real Estate Direct All rights reserved..