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7942 West Bell Road, Glenda...

Arizona Partners Secures $13M Permanent Financing For Retail Property At 7942 W Bell Rd, Glendale, AZ With Gantry
FINANCEDRetail

Arizona Partners Secures $13M Permanent Financing For Retail Property At 7942 W Bell Rd, Glendale, AZ With Gantry

7942 West Bell Road, Glendale, Arizona 85308, United States

$13,000,000

Building Size

Asset Type

Retail

Closing

Aug 7, 2022

AI

The property involved in this transaction is a retail asset located at 7942 W Bell Rd in Glendale, AZ. The property covers an area of approximately 11.57 acres.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,000,000
  • Address: 7942 W Bell Rd
  • Market: Glendale, AZ
  • Landlord: Arizona Partners
  • Broker: Tim Storey of Gantry

The loan amount for this transaction is $13,000,000. It is a permanent financing loan with a 10-year term and a fixed interest rate. The loan features a 25-year amortization schedule for the borrower.

Players

Tim Storey

Gantry

Broker

$187.2M

vol

10 deals

Broker

Glendale 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93