Cushman & Wakefield Secures $100M Refinancing For Epic Real Estate Partners' Retail Portfolio
$100,000,000
$40/SF
Building Size
2,500,000 SF
Asset Type
Retail
Closing
Feb 7, 2024
AI
Epic Real Estate Partners' retail portfolio, consisting of 625,000 square feet of grocery-anchored retail space, has been refinanced with a loan amount of $100 million. The properties are located in Eagan, Minnesota; Tucson, Arizona; Dallas, Texas; Hawaii; and Elgin, Illinois. The portfolio includes properties leased to major grocery chains such as Cub Foods, Kroger, Bashas, Safeway, and Jewel Osco.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $100,000,000
- Address: Retail Portfolio
- Market: Eagan, Minnesota; Tucson & Arizona; Dallas; Hawaii; Elgin, Illinois
- Landlord: Daniel J. Holland - Epic Real Estate Partners
- Brokers: Andrew White, Beth Lambert, Caleb Riebe & Chase Johnson - Cushman & Wakefield
Cushman & Wakefield, led by Beth Lambert, Chase Johnson, Caleb Riebe, and Andrew White, successfully secured a $100 million refinancing for Epic Real Estate Partners' portfolio. This deal covers the properties within the retail portfolio, which are leased to major grocery chains. The refinancing allows for continued growth and success in the retail market for Epic Real Estate Partners.
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93