Updated Oct 28, 2024
Parkwest Casinos Secures $210M Acquisition Loan For Retail Property On Bicycle Casino Dr. In Bell Gardens
888 Bicycle Casino Drive, Bell Gardens, California 90201, United States
$210,000,000
Building Size
—
Asset Type
Retail
Closing
May 13, 2022
About this deal
AI
The retail property located at 888 Bicycle Casino Dr. in Bell Gardens is the subject of an acquisition loan. The loan, which was secured on 05/14/2022, amounts to $210,000,000. The property is owned by Parkwest Casinos.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $210,000,000
- Loan Type: Acquisition
- Loan Date: 05/14/2022
- Address: 888 Bicycle Casino Dr.
- Market: Bell Gardens
- Landlord: Parkwest Casinos
The deal involves Parkwest Casinos as the landlord and their representatives. Further details regarding the parties involved in the acquisition are not available.
Players
Bell Gardens Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93