Robert C. Baker Of National Realty And Development Corp Secures $31 Million Loan For Liberty Square Center In Burlington
2100 Mount Holly Road
$31,000,000
$86/SF
Building Size
358,000 SF
Asset Type
Retail
Closing
Apr 7, 2025
AI
Liberty Square Center is a retail asset located at 2100 Mount Holly Road in Burlington, featuring a total square footage of 358,000. The property is anchored by Walmart and boasts a high leasing rate of 99.5%, with notable tenants including Planet Fitness and McDonald’s. The market for this asset is Burlington, and it reflects a significant investment in the retail sector.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $31,000,000
- Loan Terms: 10-year term, 30-year amortization, step-down prepayment
- Landlord: Robert C. Baker - National Realty and Development Corp.
- Brokers: Andrew Stewart, Dev Morris & Brandon Szwalbenest - Cronheim Mortgage
Cronheim Mortgage facilitated the securing of the $31 million loan specifically for the benefit of an affiliate of National Realty and Development Corp. The loan's structure aligns with long-term financing needs, emphasizing the stability of the retail property investment.
Players
Burlington 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93