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2098 Harbison Drive

Gantry Arranges $23M Permanent Loan For Retail Property In Vacaville, CA
FINANCEDRetail

Gantry Arranges $23M Permanent Loan For Retail Property In Vacaville, CA

2098 Harbison Drive

$23,000,000

$57/SF

Building Size

400,000 SF

Asset Type

Retail

Closing

Nov 2, 2022

AI

The property involved in the transaction is a retail asset located at 2098 Harbison Dr in Vacaville, CA. It has a total area of 400,000 square feet and is situated in the market of Vacaville, CA.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $23,000,000
  • Loan Type: Permanent Loan
  • Loan Terms: 10-year, fixed-rate loan, featuring an interest-only period transitioning to 30-year amortization

Tom Dao & Erinn Cooke from Gantry acted as the brokers in this transaction. They facilitated the loan process for the retail property located at 2098 Harbison Dr in Vacaville, CA. The loan amount was $23,000,000 and it was a permanent loan with terms of 10 years. The loan featured a fixed interest rate and an interest-only period, transitioning to a 30-year amortization.

Players

Tom Dao

Gantry

Broker

$245.9M

vol

10 deals

Broker

Vacaville 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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93