FINANCED
CBRE Arranges $43M Refinance For El Paseo Shopping Center In South Gate
8634 Garfield Avenue
Retail
300,000 SF
300,000 SF
Financed 42 days ago
Summary
Loan
CALIFORNIA
Retail
300,000 sqft
The El Paseo Shopping Center in South Gate, Los Angeles, with a retail space of 300,000 square feet, located at 8634 Garfield Avenue, was refinanced for $43,000,000. The loan secured by CBRE agents is a five-year, full-term interest-only, nonrecourse loan. Tenants in the shopping center include Regal Edwards Theatres and Planet Fitness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $43,000,000
- Market: South Gate
- Brokers: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra & Shaun Moothart - CBRE
The refinancing for the El Paseo Shopping Center in South Gate, Los Angeles, was arranged by CBRE agents for an undisclosed borrower. Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra, and Shaun Moothart from CBRE were instrumental in securing the $43 million loan for this property.
Players
Details
FINANCED
IMAGE: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra & Shaun Moothart
DATE: 03/21/2024
ADDRESS: 8634 Garfield Avenue
MARKET: South Gate
ASSET TYPE: Retail ~ SF: 300,000
BROKERS: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra & Shaun Moothart (@Smooth__Art) - CBRE (@CBRE)
LOAN AMOUNT: $43,000,000
LOAN TYPE: Refinance
LOAN TERMS: five-year, full-term interest-only, nonrecourse loan
NOTE: CBRE secured a $43 million refinancing for El Paseo Shopping Center in South Gate, Los Angeles, featuring 300,000 square feet of retail space and tenants like Regal Edwards Theatres and Planet Fitness. The five-year, full-term interest-only, nonrecourse loan was arranged by CBRE agents for an undisclosed borrower.View on map
Loading...
Address8634 Garfield Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want