GMH Communities Provides $330M Equity Loan For Mixed Use Property In Phoenix
300 North Central Avenue, Phoenix, Arizona 85004, United States
$330,000,000
$330/SF
Building Size
1,000,000 SF
Asset Type
Mixed-use
Closing
Feb 10, 2022
AI
Located at 300 N. Central at Van Buren in Phoenix, this mixed-use property spans approximately 1,000,000 square feet. The transaction took place on 02/11/2022 and involved a loan provided by GMH Communities.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $330,000,000
- Market: Phoenix
- Lender: GMH Communities
- Landlord: Medistar Corporation
- Brokers: Michael Campbell & Kyle Morque
The Carlton Group played a role in this deal, providing equity and debt capital. The primary brokers representing the transaction were Michael Campbell from [email protected] (contact at (212) 716-5611) and Kyle Morque from [email protected] (contact at (212) 716-5637).
Players
Phoenix Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93