Gantry Facilitates $53.4M Refinance Loan For Retail Property In Surprise, AZ
Rte 303 Loop & West Waddell Road Surprise, Arizona 85388, USA
$53,400,000
$76/SF
Building Size
700,000 SF
Asset Type
Retail
Closing
Jun 9, 2023
AI
A retail property located at Rte 303 Loop & W Waddell Rd in Surprise, AZ has recently undergone a loan transaction. The property spans a total area of 700,000 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $53,400,000
- Loan Type: Refinance
The loan amount for this transaction amounts to $53,400,000, providing the necessary financing for the property. Representing the deal on behalf of the involved parties are brokers Tim Storey, Chad Metzger, and Ryan Gross of Gantry.
Players
Surprise 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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93