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1325 North Litchfield Road

PMB Secures $13.4 Million Refinance Loan For Goodyear Medical Plaza With Daniel Digerness Of JLL
FINANCEDMedical Office

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

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.

Players

Daniel Digerness

JLL

Broker

$35.6M

vol

2 deals

Broker

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