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
Glendale Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
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