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
About this deal
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.
On the Map
$15,200,000
Retail
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Players
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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