JLL Facilitates $5.3M Refinance Loan For Camelback East Shops In Phoenix
3202 East Camelback Road
$5,300,000
$210/SF
Building Size
25,129 SF
Asset Type
Retail
Closing
Mar 12, 2024
About this deal
AI
The property involved is the Camelback East Shops, a retail center located at 3202 East Camelback Road in Phoenix, AZ. The asset spans 25,129 square feet and has been refinanced for a loan amount of $5,300,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,300,000
- Market: Phoenix, AZ
- Tenants: Tarbell’s, First Watch, Van’s Golf Shops
- Landlord: MDC Realty Advisors
- Brokers: Eric Tupler & Will Haass - JLL
JLL Capital Markets played a key role in facilitating the $5.3 million loan to refinance the Camelback East Shops. Noteworthy tenants at the retail center include Tarbell’s, First Watch, and Van’s Golf Shops, bringing vibrancy to the property.
On the Map
$5,300,000
$210/SF
Retail
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Phoenix 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93