Kimco Realty Corporation Secures $154.08 Million Loan From JP Morgan Asset Management
$154,080,000
$117/SF
Building Size
1,309,398 SF
Asset Type
Retail
Closing
Aug 20, 2026
About this deal
AI
The asset involved in this transaction is a retail property located in markets including Scottsdale, Temecula, Decatur, San Diego, and El Cajon. The total square footage of the property is 1,309,398. The loan amount for this transaction is $154,080,000 and it is classified as a recapitalization loan.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $154,080,000
- Lender: JP Morgan Asset Management
- Borrower: Kimco Realty Corporation
- Brokers: John Marshall, Preston Bacon, Gabriel Davenport, Christopher Drew, Wells Waller & Jarrod Howard - JLL
- Loan Type: Recapitalization
The transaction was facilitated by multiple brokers from JLL, including John Marshall, Preston Bacon, Gabriel Davenport, Christopher Drew, Wells Waller, and Jarrod Howard, who represented the borrower, Kimco Realty Corporation, during the deal process.
Players
Market 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93