Updated Dec 10, 2024
PMB Secures $13.4 Million Refinance Loan For Goodyear Medical Plaza With Daniel Digerness Of JLL
1325 North Litchfield Road
$13,400,000
$282/SF
Building Size
47,483 SF
Asset Type
Medical Office
Closing
Dec 9, 2024
About this deal
AI
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.
On the Map
$13,400,000
$282/SF
Medical Office
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Players
Goodyear Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93