Gantry Secures $55.9 Million Loan For Huntington Oaks Retail Center In Monrovia
500 West Huntington Drive
$55,900,000
$222/SF
Building Size
251,000 SF
Asset Type
Retail
Closing
Nov 8, 2024
AI
The asset involved in this transaction is Huntington Oaks, a retail center located at 500-600 West Huntington Drive in Monrovia. The property encompasses a total square footage of 251,000 and is home to tenants including Trader Joe's, Marshalls, and Petco.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $55,900,000
- Loan Type: Acquisition
- Loan Terms: five-year, fixed-rate
- Market: Monrovia
- Brokers: Austin Ridge, Braden Turnbull & George Mitsanas - Gantry
This acquisition loan was arranged by Gantry's Los Angeles team for a private real estate investor through a correspondent insurance lender, featuring a five-year, interest-only structure.
Players
Monrovia 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93