Gantry Brokers Refinance Loan For Retail Property On Pacific Coast Hwy
6270 Pacific Coast Highway, Long Beach, California 90803, United States
$33,300,000
$112/SF
Building Size
296,958 SF
Asset Type
Retail
Closing
Feb 14, 2022
AI
Located at 6270-6380 Pacific Coast Hwy in Long Beach, this retail property covers approximately 296,958 square feet. The property recently underwent a refinancing transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $33,300,000
- Address: 6270-6380 Pacific Coast Hwy, Long Beach
- Market: Long Beach
- BROKERS: George Mitsanas, Peter Hillakas & Austin Ridge - Gantry
The refinancing loan amount for this transaction was $33,300,000. The loan type was a refinance loan. George Mitsanas, Peter Hillakas, and Austin Ridge from Gantry acted as the brokers for this deal.
Players
Long Beach 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93