Updated Dec 21, 2023
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
About this deal
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.
On the Map
$23,000,000
$57/SF
Retail
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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