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3202 East Camelback Road

JLL Facilitates $5.3M Refinance Loan For Camelback East Shops In Phoenix
FINANCEDRetail

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

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.

Players

Eric Tupler

JLL

Broker

$659.8M

vol

14 deals

Broker

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