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650 West Telegraph Street

Gantry Arranges $15.2M Loan For Acquisition Of Cotton Mill II Retail Center In Washington, Utah
FINANCEDRetail

Gantry Arranges $15.2M Loan For Acquisition Of Cotton Mill II Retail Center In Washington, Utah

650 West Telegraph Street

$15,200,000

Building Size

Asset Type

Retail

Closing

Jul 10, 2023

AI

Gantry, represented by brokers Tony Kaufmann and Erinn Cooke, has arranged a $15.2 million loan for the acquisition of Cotton Mill II, an 18.2-acre retail center located at 650 West Telegraph Street in Washington, Utah.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,200,000
  • Address: 650 West Telegraph Street, Washington, UT
  • Market: Washington, UT
  • Acres: 18.2

The loan was obtained by Gantry on behalf of the buyer to facilitate the acquisition of Cotton Mill II. Tony Kaufmann and Erinn Cooke from Gantry served as the brokers representing the buyer in this transaction.

Players

Tony Kaufmann

Gantry

Broker

$457.9M

vol

25 deals

Broker

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