Marcus & Millichap Arranges $3.65M Loan For Acquisition Of Retail Center In Saint Johns

145 Beachwalk Shore Drive is an 8,200 square foot retail asset located in the Saint Johns market. The property was fully leased at the time of the transaction, enhancing its investment appeal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,654,637
• Loan Terms: 10-year, 30-year amortization
• Loan Interest Rate: 6.25%
• Broker: David Johnson - Marcus & Millichap
• Market: Saint Johns

Marcus & Millichap Capital Corporation facilitated the loan for the acquisition, securing financing from a regional credit union for the Beachwalk Shoppes retail center.