DLC Management Corp Secures $33.65 Million Loan For Retail Properties In Reynoldsburg & Dublin
2793 Taylor Road Southwest & 5800 Britton Parkway
$33,650,000
$27/SF
Building Size
604,820 SF
Asset Type
Retail
Closing
Jan 23, 2025
About this deal
AI
The asset involved in this transaction includes two retail properties located at 2793 Taylor Road Southwest and 5800 Britton Parkway, positioned in the Reynoldsburg and Dublin markets. The total square footage of both properties is 604,820. The financing for the properties was facilitated through a loan amount of $33,650,000, structured with a five-year fixed-rate term.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $33,650,000
- Asset Square Footage: 604,820 SF
- Loan Terms: five-year, fixed-rate
- Lender: Tristate Capital Bank & Dollar Bank
- Landlord: DLC Management Corp
- Brokers: Alex Staikos, Claudia Steeb & Scott Aiese - JLL
JLL arranged two five-year, fixed-rate loans for DLC Management Corp, one for Taylor Square, a 378,102-square-foot shopping center, and another for Tuttle Crossing, a 226,718-square-foot retail center. Both locations are strategically positioned in high-traffic areas alongside strong anchor tenants, ensuring a robust market presence.
On the Map
$33,650,000
$27/SF
Retail
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Players
Reynoldsburg 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93