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PMB Secures $13.4 Million Refinance Loan For Goodyear Medical Plaza With Daniel Digerness Of JLL
FINANCED
$13,400,000
Arizona
See Similar DealsMedical Office47,483 SF
Financed 12/09/2024
FINANCED
PMB Secures $13.4 Million Refinance Loan For Goodyear Medical Plaza With Daniel Digerness Of JLL
1325 North Litchfield Road
See Similar DealsMedical Office47,483 SF
Financed 12/09/2024
Summary
ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$282
Total Square Footage:47,483 SF
Transaction Type:Loan
The asset is a 47,483-square-foot medical office building located at 1325 North Litchfield Road in Goodyear, AZ. The property is primarily leased to Abrazo Health and affiliated tenants and was redeveloped in 2019 from a movie theater into a medical outpatient facility.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $13,400,000
- Loan Type: Refinance
- Landlord: PMB
- Broker: Daniel Digerness - JLL
- Market: Goodyear, AZ
JLL Capital Markets facilitated the refinancing loan for PMB, which aimed at optimizing the financing structure of the Goodyear Medical Plaza. This transaction highlights the role of JLL in securing substantial refinancing for medical office assets in the region.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,400,000.00
Monthly NOI$89,333.33
Monthly Debt Service$84,697.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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