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300 North Central Avenue, P...

GMH Communities Provides $330M Equity Loan For Mixed Use Property In Phoenix
FINANCEDMixed-use

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

Michael Campbell

The Carlton Group

Broker

$876.3M

vol

6 deals

Broker
GMH Communities
GMH CommunitiesLender
CIM Group
CIM GroupLender

Phoenix Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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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