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Mesa South Center LP Secures $8M Loan For Mesa South Shopping Center Acquisition
FINANCED
$8,000,000
+ 3
Arizona
See Similar DealsRetail133,663 SF
Financed
FINANCED
Mesa South Center LP Secures $8M Loan For Mesa South Shopping Center Acquisition
1230 South Gilbert Road
See Similar DealsRetail133,663 SF
Financed
+ 3
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$59
Total Square Footage:133663 SF
Transaction Type:Loan
The Mesa South Shopping Center, located at 1230 South Gilbert Road in Mesa, AZ, spans 133,663 square feet and was acquired for $15 million. Mesa South Center LP secured an $8 million loan for the acquisition of this retail property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Landlord: Mesa South Center LP
- Brokers: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra & Shaun Moothart - CBRE
The loan for the acquisition of the Mesa South Shopping Center was facilitated by Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra, and Shaun Moothart from CBRE. The property was bought for $15 million from an undisclosed seller.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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