Village Partners Ventures LLC & Bascom Group LLC Secure $77M Construction Loan For Montclair Mixed-Use Property
5050 Arrow Highway, Montclair, California 91763, United States
$77,000,000
$1,707/SF
Building Size
45,100 SF
Asset Type
Mixed-use
Closing
Jan 4, 2022
AI
The mixed-use property at 5050 Arrow Highway in Montclair has been involved in a closed transaction. The property spans across 6.0 acres and is located in the Montclair market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: 01/04/2022
- Address: 5050 Arrow Highway
- Market: Montclair
- Acres: 6.0
The landlord for this property is Village Partners Ventures LLC, represented by Don Henry, Michael Morris, and Bascom Group LLC, represented by Jerry Fink. The brokers involved in the deal are Mark Erland and Matt Benson from JLL.
A construction loan of $77,000,000 has been secured for this transaction.
Players
Montclair Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93