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

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%.