Marcus & Millichap Capital Corp. Arranges Retail Financing Transactions in Georgia and Arizona

The transaction involved retail properties totaling 46,940 square feet located at 121 Mallery Street, 301 1st Street, and 7797 West Paradise Lane within the markets of Saint Simons Island & Tybee Island, Georgia, and Peoria, Arizona. The loan amount for this transaction was $7,845,000, which included significant financing for two owner-occupied centers in the coastal Georgia locations.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,845,000
• Addresses: 121 Mallery Street; 301 1st Street; 7797 West Paradise Lane
• Market: Saint Simons Island & Tybee Island, GA & Peoria, AZ
• Asset Size: 46,940 SF
• Loan Amount: $7,845,000

Marcus & Millichap Capital Corporation was the arranging entity for the loan, distributing more than $7.8 million in retail financing. This included $4.3 million for the two owner-occupied centers located in Saint Simons Island and Tybee Island, along with an additional $3.545 million that financed a 38,300-square-foot retail property along with its existing business, DNA Cards & Collectibles, in Peoria, Arizona.