Gantry Facilitates $15.2M Loan For Acquisition Of Cotton Mill II Retail Center In Washington
628 West Telegraph Street Washington, Utah 84780, Usa
$15,200,000
Building Size
—
Asset Type
Retail
Closing
Jul 7, 2023
About this deal
AI
Gantry has facilitated a $15.2 million loan for the purchase of Cotton Mill II, a retail center located at 628 West Telegraph Street in Washington, UT. The property spans across 18.2 acres and is a retail asset.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,200,000
- Address: 628 West Telegraph Street, Washington, UT
- Market: Washington, UT
- Acres: 18.2
The loan was arranged by Tony Kaufmann and Erinn Cooke from Gantry, who represented the buyer in the acquisition. The loan type was specified as an acquisition loan. No additional information about the deal was provided.
Players
Washington 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93