Updated Feb 16, 2024
Mega International Commercial Bank Provides $352.5M Acquisition Loan For Retail Property In Arcadia
400 Baldwin Avenue, Arcadia, California 91007, United States
$352,500,000
$235/SF
Building Size
1,500,000 SF
Asset Type
Retail
Closing
Sep 19, 2022
About this deal
AI
A retail property located at 400 South Baldwin Avenue in Arcadia has been involved in a recent transaction. The property spans approximately 1,500,000 square feet and is situated in the market of Arcadia.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $352,500,000
- Loan Type: Acquisition Loan
The loan for this transaction was provided by Mega International Commercial Bank. The lender's representative in this deal is Chang Chao Shun. The loan amount is $352,500,000 and it is an acquisition loan. The landlord associated with the property is Wen Shan Chang.
Players
Arcadia 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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93