Updated Mar 18, 2026
Marcus & Millichap Capital Corporation Arranges $3.3M Loan For Retail Property Acquisition In Sinking Spring
3100 Shillington Road
$3,300,000
$249/SF
Building Size
13,225 SF
Asset Type
Retail
Closing
Mar 17, 2026
About this deal
AI
A 13,225-square-foot single-tenant retail property located at 3100 Shillington Road in Sinking Spring, PA, was involved in a closed transaction. The property is currently leased to CVS and is categorized as retail. The loan amount for this acquisition was $3,300,000, financed under a 10-year loan term with a 30-year amortization schedule.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Loan Type: Acquisition
- Loan Terms: 10-year, 30-year amortization
- Interest Rate: 6.1%
- Loan-to-Value: 60%
- Broker: Luke Lamoreaux
- Agency: Marcus & Millichap Capital Corporation
Luke Lamoreaux of Marcus & Millichap Capital Corporation arranged the financing for this acquisition, securing the loan with a national bank. This deal reflects a significant financial commitment to the retail sector in the Sinking Spring market.
Players
Reading 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93