Gantry Secures $7.5M Refinance Loan For Sun Shadow Square Retail Center In Sun City, AZ
10050 West Bell Road
$7,500,000
$89/SF
Building Size
84,000 SF
Asset Type
Retail
Closing
Nov 8, 2023
AI
Gantry, represented by Tim Storey, successfully obtained a $7.5 million permanent loan for the refinancing of Sun Shadow Square, a retail center located at 10050 West Bell Road in Sun City, Arizona. The property spans 84,000 square feet and is situated approximately 22 miles from Phoenix.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,500,000
- Loan Type: Refinance
- Loan Terms: 10-year financing
The loan was secured by Gantry on behalf of Sun Shadow Square, a retail center in Sun City. Tim Storey from Gantry represented the deal as the broker. The loan terms were set to a duration of 10 years.
This successful loan transaction will provide Sun Shadow Square with the necessary refinancing to continue its operations as a retail center in Sun City, Arizona.
Players
Sun City Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93