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15277 West Mcdowell Road

Gantry Arranges $29.2M Refinance Loan For Goodyear Retail Center
FINANCEDRetail

Gantry Arranges $29.2M Refinance Loan For Goodyear Retail Center

15277 West Mcdowell Road & 15475 West Mcdowell Road

$29,200,000

$45/SF

Building Size

640,000 SF

Asset Type

Retail

Closing

Jun 27, 2024

AI

The Haagen Company secured a $29.2 million permanent loan to refinance Goodyear Centerpointe, a 320,000-square-foot retail center located at 15277-15475 West Mcdowell Road in Goodyear, AZ. The loan, facilitated by Gantry, is a 20-year fixed-rate loan covering tenants such as Conn’s Appliances and EOS Fitness. It includes a 20-year amortization schedule and a prepayment stepdown after 10 years.

Summary of transaction details:

Gantry played a pivotal role in arranging the $29.2 million permanent loan for the Haagen Company to refinance the retail center. Alicia Sabanero, Braden Turnbull, and Patrick Barkley from Gantry served as the brokers in the transaction, ensuring a successful refinancing deal for Goodyear Centerpointe. In addition to the well-structured loan terms, the involvement of these professionals highlights the expertise and efficiency behind the financial arrangement.

Players

Patrick Barkley

Gantry

Broker

$78.8M

vol

4 deals

Broker

Goodyear 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

0.54%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93