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255 Depot Street

Updated May 12, 2025

First Financial Capital Provides $35M Acquisition Loan For Portfolio Of 24 Gas Stations In Fairview, OR
FINANCEDPackage Deal

First Financial Capital Provides $35M Acquisition Loan For Portfolio Of 24 Gas Stations In Fairview, OR

255 Depot Street

$35,000,000

$41/SF

Building Size

845,316 SF

Asset Type

Package Deal

Closing

Oct 20, 2023

About this deal

AI

The asset involved in this transaction is a package deal consisting of 24 gas stations under Leatherse Enterprises Inc, situated at 255 Depot Street in Fairview, OR. The total square footage of the asset is 845,316, with a loan amount of $35,000,000 allocated for the acquisition through a defined loan structure. The loan type is categorized as an acquisition loan with interest-only terms for one year, accompanied by two free annual renewal options.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $35,000,000
  • Lender: First Financial Capital
  • Lender's Representative: Faraz Ghadooshahy
  • Landlord: S&S Petroleum
  • Loan Terms: I/O, 1 year + 2 free annual renewal options
  • Note: Portfolio acquisition of 24 gas stations

Key individuals in this transaction include Faraz Ghadooshahy, representing First Financial Capital, who facilitated funding for the acquisition. S&S Petroleum acts as the landlord for the properties involved in this transaction, indicating their role within the deal.

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$35,000,000

$41/SF

Package Deal

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Players

First Financial Capital
First Financial CapitalLender

Fairview Package Deal Market Snapshot

Boundary boundary · Package Deal · Loan transactions

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Deal FAQ

About $41 per square foot on a published $35M for 845,316 square feet (2023).

Browse Fairview package deal loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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