Marcus & Millichap Refinances Office Property In Pasadena For $15M
FINANCED
$15,000,000
California
See Similar DealsOffice73,864 SF
Financed 12/21/2022
FINANCED
Marcus & Millichap Refinances Office Property In Pasadena For $15M
960 East Green Street
See Similar DealsOffice73,864 SF
Financed 12/21/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$203
Total Square Footage:73,864 SF
Transaction Type:Loan
An office property located at 960 East Green Street in Pasadena was recently involved in a closed transaction. The property spans across 73,864 square feet, making it a sizable asset in the market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 960 East Green Street, Pasadena
- Market: Pasadena
- BROKERS: Stefen Chraghchian & Sharone Sabar - Marcus & Millichap
The loan associated with this transaction amounted to $15,000,000. It was classified as a refinance loan with a fixed rate of 6.00%. The loan terms included a 3-year fixed period and had no prepayment penalties. Furthermore, the loan was non-recourse, providing additional financial security to the parties involved.
If you would like more information about this transaction, feel free to reach out to Stefen Chraghchian from Marcus & Millichap at [email protected] or by calling 818-319-5749.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions