Tauro Capital Advisors Inc. Arranges $12.5M Acquisition Loan For Retail Property In Phoenix
FINANCED
$12,500,000
Arizona
See Similar DealsRetail55,000 SF
Financed 04/12/2022
FINANCED
Tauro Capital Advisors Inc. Arranges $12.5M Acquisition Loan For Retail Property In Phoenix
28455 North Vistancia Boulevard, Peoria, Arizona 85383, United States
See Similar DealsRetail55,000 SF
Financed 04/12/2022
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$227
Total Square Footage:55,000 SF
Transaction Type:Loan
The retail property located at 28455 N. Vistancia Blvd. in Phoenix, AZ has been involved in a closed transaction. The property spans an area of 55,000 square feet and is owned by Lionsgate.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $12,500,000
- Date: 04/12/2022
- Market: Phoenix, AZ
The loan for this acquisition was provided by Deutsche Bank. Tauro Capital Advisors Inc. represented the parties involved in the deal with brokers Garryn Laws and Matthew Bucaro acting on their behalf.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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