Gantry Secures $7.8M Refinance Loan For Retail Space In Tucson's The Shoppes At Continental Ranch
9110 Silverbell Road & 9150 Silverbell Road
$7,800,000
$147/SF
Building Size
52,774 SF
Asset Type
Retail
Closing
Nov 27, 2023
AI
Gantry has successfully secured a $7.8 million permanent loan to refinance 26,387 square feet of retail space in The Shoppes at Continental Ranch. The property is located at 9110-9150 Silverbell Road in Marana, a suburb of Tucson, Arizona.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,800,000
- Loan Type: Refinance
- Loan Terms: 10-year permanent loan
The loan was facilitated by brokers Alex Poulos and Tony Kaufmann from Gantry. They represented the parties involved in the deal and successfully secured the financing for the property.
Players
Tucson 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93