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1811 East Northrop Boulevard

Charles Essig Of Silver Creek Development Secures $22.67M Refinance Loan For Chandler Office
FINANCEDOffice

Charles Essig Of Silver Creek Development Secures $22.67M Refinance Loan For Chandler Office

1811 East Northrop Boulevard

$22,670,000

$156/SF

Building Size

145,000 SF

Asset Type

Office

Closing

Aug 13, 2025

AI

The property involved in this transaction is an office asset located at 1811 East Northrop Boulevard in Chandler. It encompasses a total square footage of 145,000. The transaction was a refinance with a loan amount of $22,670,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $22,670,000
  • Asset Address: 1811 East Northrop Boulevard
  • Market: Chandler
  • Landlord: Charles Essig - Silver Creek Development
  • Broker: Steven Paskover - Walker & Dunlop
  • Loan Type: Refinance

Key individuals in this transaction include Charles Essig representing the landlord, Silver Creek Development, and Steven Paskover as the broker from Walker & Dunlop involved in facilitating the refinance deal.

Players

Steven Paskover

Walker & Dunlop

Broker

$501.7M

vol

6 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage

Chandler Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93