Updated Sep 9, 2024
CBRE Secures $15M Refinance Loan For Lincoln Square Shopping Center In Oakland
4100 Redwood Rd Oakland, CA 94619, USA
$15,000,000
$337/SF
Building Size
44,438 SF
Asset Type
Retail
Closing
May 31, 2023
About this deal
AI
The Lincoln Square Shopping Center, a 44,438-square-foot retail property situated on 4.10 acres at 4100 Redwood Road in Oakland, has secured a $15 million refinancing deal. The loan was arranged by CBRE on behalf of the landlord, a California-based retail real estate company. The center underwent extensive redevelopment in 2019 and is home to anchor tenants such as Safeway, CVS Pharmacy, and Peet's Coffee.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,000,000
- Market: Oakland
- Address: 4100 Redwood Road
- Square Feet: 44,438
- Acres: 4.10
Shaun Moothart, Bruce Francis, Doug Birrell, and Bob Ybarra from CBRE played a pivotal role as brokers in securing the $15 million refinancing deal for the Lincoln Square Shopping Center in Oakland.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93