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Burton Property Group And Peaceable Street Capital Secures $124 Million Loan For Retail Portfolio In Foley AL
FINANCED
$124,000,000
Alabama
See Similar DealsRetail785,598 SF
Financed 09/04/2025
FINANCED
Burton Property Group And Peaceable Street Capital Secures $124 Million Loan For Retail Portfolio In Foley AL
2140 Mckenzie Street
See Similar DealsRetail785,598 SF
Financed 09/04/2025
Summary
ALABAMA
Asset Type:Retail
Price Per Square Foot:$157
Total Square Footage:785,598 SF
Transaction Type:Loan
A loan amount of $124 million was secured for the recapitalization of a grocery-anchored retail portfolio consisting of three properties. The total square footage of the portfolio is 785,598 square feet, located at 2140 South Mckenzie Street in Foley, AL.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $124,000,000
- Landlord: Burton Property Group & Peaceable Street Capital
- Broker: JLL
The financing structure includes $113.3 million provided by JLL, facilitating the recapitalization efforts for the retail portfolio in the Mobile, Alabama metropolitan area.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$124,000,000.00
Monthly NOI$826,666.67
Monthly Debt Service$783,764.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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