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
About this deal
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.
On the Map
$53,400,000
$76/SF
Retail
View full map
Players
Surprise Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Tim Storey to view all their deals.
Browse Arizona retail loans on Traded.
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