Gantry Secures $9.6M Loan For Acquisition Of The Plaza In Auburn, Sacramento
1730 Grass Valley Highway & 1900 Grass Valley Highway
$9,600,000
$64/SF
Building Size
148,000 SF
Asset Type
Retail
Closing
Dec 13, 2023
AI
The Plaza, a 74,000-square-foot retail center located at 1730-1900 Grass Valley Highway in Auburn, Sacramento, has been acquired by a private real estate company. Gantry, a brokerage firm, facilitated the acquisition by arranging a $9.6 million permanent loan. The loan terms include a 30-year fixed rate, providing stability for the buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,600,000
- Address: 1730-1900 Grass Valley Highway, Auburn, Sacramento
- Market: Auburn
- Square Footage: 74,000
- Acres: 3.4
Gantry, represented by brokers Erinn Cooke and Tony Kaufmann, played a crucial role in securing the loan for the acquisition of The Plaza. The 30-year fixed-rate loan is a significant benefit for the private real estate company, providing them with stable financing for their new retail center in Auburn, Sacramento.
Players
Auburn 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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93