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Gantry Secures $9.6M Loan For Acquisition Of The Plaza In Auburn, Sacramento
FINANCED
$9,600,000
California
See Similar DealsRetail148,000 SF
Financed 12/13/2023
FINANCED
Gantry Secures $9.6M Loan For Acquisition Of The Plaza In Auburn, Sacramento
1730 Grass Valley Highway & 1900 Grass Valley Highway
See Similar DealsRetail148,000 SF
Financed 12/13/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$64
Total Square Footage:148,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,600,000.00
Monthly NOI$64,000.00
Monthly Debt Service$60,678.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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