Calmwater Capital Refinances Retail Properties In Jackson, Michigan & Des Moines, Iowa For $26M
1250 Boardman Road
$26,000,000
$68/SF
Building Size
377,544 SF
Asset Type
Retail
Closing
Nov 18, 2022
About this deal
AI
The property involved in this transaction includes a retail asset located at 1250 Boardman Rd & 4100 Merle Hay Rd, encompassing a total square footage of 377,544. The property is situated in the markets of Jackson, Michigan, and Des Moines, Iowa, with a loan amount of $26,000,000 related to a refinance type loan.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $26,000,000
- Asset Location: 1250 Boardman Rd & 4100 Merle Hay Rd
- Market: Jackson, Michigan & Des Moines, Iowa
- Square Footage: 377,544
- Lender: Calmwater Capital
- Broker: Anthony Longo - Alpha Capital
- Loan Type: Refinance
This transaction includes key individuals such as Anthony Longo representing the broker Alpha Capital, who facilitated the deal on behalf of the parties involved. Calmwater Capital served as the lender for the refinance loan associated with this retail property transaction.
Players
Jackson 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93