PSRS Brokers Secure $15M Refinancing Loan For Retail Property In Orange, CA
146 South Main Street
$15,000,000
$372/SF
Building Size
40,323 SF
Asset Type
Retail
Closing
Nov 2, 2022
AI
The retail property located at 146 S Main St in Orange, CA has recently undergone a refinancing loan transaction. This property spans a total of 40,323 square feet, situated on 3.1 acres of land. The loan amount for this transaction was $15,000,000, and it was a non-recourse loan with a 10-year term and 30-year amortization.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 146 S Main St, Orange, CA
- Market: Orange, CA
- Asset Type: Retail
- Square Footage: 40,323
- Acres: 3.1
Michael Tanner and Tony Messiah from PSRS served as the brokers for this refinancing loan transaction.
Players
Santa Ana Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93