Tauro Capital Advisors Inc. Arranges $12.5M Acquisition Loan For Retail Property In Phoenix
28455 North Vistancia Boulevard, Peoria, Arizona 85383, United States
$12,500,000
$227/SF
Building Size
55,000 SF
Asset Type
Retail
Closing
Apr 11, 2022
About this deal
AI
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.
On the Map
$12,500,000
$227/SF
Retail
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Players
Peoria 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93