PSRS Arranges $54M Acquisition Loan For Esplanade Shopping Center In Oxnard

The Esplanade Shopping Center, a 357,000-square-foot retail property located at 195 West Esplanade Drive in Oxnard, was acquired through a $54 million acquisition loan. The loan, facilitated by PSRS- Pacific Southwest Realty Services, features a seven-year term with four years of interest-only payments courtesy of a life insurance company. Anchor tenants at the shopping center include Walmart, The Home Depot, and T.J. Maxx.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $54,000,000
• Address: 195 West Esplanade Drive
• Market: Oxnard
• Brokers: Kostas Kavayiotidis, Matthew Farzinpour & Mike Davis - PSRS- Pacific Southwest Realty Services
• Loan Type: Acquisition Loan
• Loan Terms: 7 year

The financing for the purchase of the Esplanade Shopping Center in Oxnard was successfully arranged by Kostas Kavayiotidis, Mike Davis, and Matthew Farzinpour of PSRS. The involvement of these brokers showcases their expertise in securing substantial loans for prominent retail properties, ensuring the smooth execution of significant real estate transactions.