Jared Cassidy Secures $6.3M Acquisition Loan For Retail Properties In Johnston, RI & Arlington, TX
4721 West Sublett Road, Arlington, Texas 76017, United States
$6,300,000
Building Size
—
Asset Type
Retail
Closing
Jun 22, 2022
About this deal
AI
An acquisition loan of $6,300,000 was obtained for a retail property located at 1583 Atwood Avenue in Johnston, Rhode Island and 4721 West Sublett Road in Arlington, Texas. The loan was secured for the purchase of these two properties in the respective markets.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,300,000
- Market: Johnston, Rhode Island & Arlington, Texas
- Address: 1583 Atwood Avenue & 4721 West Sublett Road
The acquisition loan was arranged by Jared Cassidy of Marcus & Millichap Capital Corporation (MMCC). As the representative of the buyer, Cassidy played a crucial role in securing the loan and facilitating the transaction.
On the Map
$6,300,000
Retail
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Arlington 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93