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Marcus & Millichap Secures $10.8 Million Loan For Sam Moon Center Retail Property In Dallas

Property Image
FINANCED
$10,800,000

Texas

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Retail126,513 SF
Financed 08/20/2024
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Property Image
FINANCED

Marcus & Millichap Secures $10.8 Million Loan For Sam Moon Center Retail Property In Dallas

11814 Harry Hines Boulevard

See Similar Deals
Retail126,513 SF
Financed 08/20/2024
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:126,513 SF
Transaction Type:Loan

The Sam Moon Center is a retail property located at 11814 Harry Hines Boulevard in Dallas, encompassing a total of 126,513 square feet. The acquisition was financed through a loan amounting to $10,800,000, which includes a 10-year term featuring 12 months of interest-only payments at a 7.00% interest rate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,800,000
  • Square Footage: 126,513
  • Address: 11814 Harry Hines Boulevard
  • Market: Dallas
  • Loan Terms: 10-year term with 12 months of interest-only payments
  • Interest Rate: 7.00%
  • Broker: Robert Bhat - Marcus & Millichap

Marcus & Millichap Capital Corporation facilitated the loan transaction with a local bank, showcasing their involvement in securing financing for this retail acquisition.

Players

Robert Bhat
Marcus & Millichap
Robert Bhat
53 deals$728.1M volume(804) 229-4460
BROKER

Details

FINANCED
IMAGE: Robert Bhat DATE: 08/20/2024 ADDRESS: 11814 Harry Hines Boulevard MARKET: Dallas ASSET TYPE: Retail ~ SF: 126,513 BROKER: Robert Bhat (@_Bhat__) - Marcus & Millichap (@MarcusMillichapinc) LOAN AMOUNT: $10,800,000 LOAN TERMS: 10-year term with 12 months of interest-only payments NOTE: Marcus & Millichap Capital Corporation arranged a $10.8 million loan for the acquisition of Sam Moon Center, a 126,513-square-foot retail property in Dallas. The financing, secured with a local bank, features a 10-year term with 12 months of interest-only payments at a 7.00% interest rate.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,800,000.00

Monthly NOI$72,000.00
Monthly Debt Service$68,263.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00