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146 South Main Street

PSRS Brokers Secure $15M Refinancing Loan For Retail Property In Orange, CA
FINANCEDRetail

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

Michael Tanner

PSRS- Pacific Southwest Realty Services

Broker

$86M

vol

6 deals

Broker

Santa Ana Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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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