Calmwater Provides $16M Acquisition Loan For Retail Property In Sparks, Navada
651 North Mccarran Boulevard, Sparks, Nevada 89431, United States
$16,000,000
$87/SF
Building Size
182,000 SF
Asset Type
Retail
Closing
Apr 21, 2022
About this deal
AI
The retail property located at 651-693 N McCarran Blvd & 345-685 E Prater Way in Sparks, Nevada has been involved in a recent transaction. The property spans approximately 182,000 square feet and is situated in the Sparks market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,000,000
- Lender: Calmwater
- Broker: Anthony Longo - Alpha Capital CRE
- Loan Type: Acquisition Loan
Anthony Longo from Alpha Capital CRE acted as the broker in this transaction, representing the parties involved. The loan of $16,000,000 was provided by Calmwater for the acquisition of the property.
Players
Sparks 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93