Updated Oct 28, 2024
Column Financial & Morgan Stanley Provide $72M Refinance Loan For Retail Property On East Main St., Ventura
3301 East Main Street, Ventura, California 93003, United States
$72,000,000
$81/SF
Building Size
886,000 SF
Asset Type
Retail
Closing
May 9, 2022
About this deal
AI
3301 East Main Street in Ventura, a retail property with a total area of 886,000 square feet, has undergone a refinancing transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $72,000,000
- Lender: Column Financial & Morgan Stanley
- Landlord: Macerich - Thomas O'Hern
- Loan Type: Refinance
The refinancing deal for the retail property at 3301 East Main Street in Ventura involved lenders Column Financial and Morgan Stanley. The landlord in this transaction is Macerich, represented by Thomas O'Hern.
The retail loan at 3301 East Main Street, Ventura, California 93003, United States in Ventura, California financed for $72M in 2022. The building is 886,000 square feet, implying about 81 per square foot on the published price. Named participants on the 3301 East Main Street, Ventura, California 93003, United States loan are Thomas O’Hern. This page is the Ventura, California file for the 3301 East Main Street, Ventura, California 93003, United States retail financed: pricing, party profiles, and other closed retail comps from the same Ventura sit in the Market section below. Filter that Ventura retail set by closing date to see what else financed near 3301 East Main Street, Ventura, California 93003, United States around 2022. Published consideration for 3301 East Main Street, Ventura, California 93003, United States is $72M, dated 2022. Cite this Column Financial & Morgan Stanley Provide $72M Refinance Loan For Retail Property On East Main St., Ventura loan when underwriting similar retail product around Ventura, California.
Players
Ventura 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93