Updated Apr 3, 2025
Cane Cos. Management Secures $71.5M Acquisition Loan For Roseville Retail Property
1180 Galleria Boulevard
$71,500,000
Building Size
—
Asset Type
Retail
Closing
Oct 13, 2023
About this deal
AI
The Creekside Town Center retail property in Roseville, California has been acquired by Cane Cos. Management with the support of a $71.5 million acquisition loan provided by Miami-based lender, 3650 REIT. The retail property occupies 39 acres in a strategic location on Galleria Boulevard.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $71,500,000
- Address: 1180-1256 Galleria Boulevard, Roseville, California
- Market: Roseville
- Lender: 3650 REIT - Justin Kennedy
- Landlord: Cane Cos. Management
- Broker: Palmer Capital
- Loan Type: Acquisition Loan
- Loan Terms: 10-year
Purchased by Cane Cos. Management, the Creekside Town Center retail property is a well-occupied retail center, boasting high tenant occupancy. The acquisition loan provided by 3650 REIT and arranged by Palmer Capital has enabled Cane Cos. Management to secure the strategic retail asset in Roseville, California.
Players
Roseville Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93