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Marcus & Millichap Capital Arranges $7.5M Loan For Acquisition Of Retail Property In Oxnard

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FINANCED
$7,507,500

California

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Retail37,500 SF
Financed 08/02/2023
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Property Image
FINANCED

Marcus & Millichap Capital Arranges $7.5M Loan For Acquisition Of Retail Property In Oxnard

1361 W Channel Islands Blvd Oxnard, CA 93033, USA

See Similar Deals
Retail37,500 SF
Financed 08/02/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:37,500 SF
Transaction Type:Loan

Marcus & Millichap Capital Corporation arranged a $7.5 million financing for the acquisition of a single tenant retail property located at 1361 West Channel Island Boulevard in Oxnard, CA. The property, with a total area of 37,500 square feet, is occupied by Esporta Fitness.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,507,500

Ron Balys of Marcus & Millichap Capital Corporation served as the broker for this acquisition loan deal. The loan is a 7-year term loan with a 3-year CMT and a spread of 2.5%, resulting in an interest rate of 5.48%. The loan also features a 30-year amortization schedule and a loan-to-value (LTV) ratio of 65%.

Players

Ron Balys
Marcus & Millichap
Ron Balys
14 deals$177.9M volume
BROKER

Details

FINANCED
IMAGE: Ron Balys DATE: 08/02/2023 ADDRESS: 1361 West Channel Island Boulevard MARKET: Oxnard ASSET TYPE: Retail ~ SF: 37,500 BROKER: Ron Balys (@RonaldBalys) - Marcus & Millichap Capital Corporation (@MMCapCorp) LOAN AMOUNT: $7,507,500 LOAN TYPE: Acquisition Loan LOAN TERMS: 7-year loan include 3-year CMT with a spread of 2.5% and an interest rate of 5.48% followed by 30-years amortization and an LTV of 65% NOTE: Marcus & Millichap Capital Corporation arranged $7.5 million financing for the acquisition of a single tenant retail property in Oxnard, CA. The 7-year loan features a 3-year CMT with a spread of 2.5% and a 5.48% interest rate, with the property occupied by Esporta Fitness.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,507,500.00

Monthly NOI$50,050.00
Monthly Debt Service$47,452.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00