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100 Garrett Street, Charlot...

Apex Clean Energy Refinances Retail Property In Charlottesville, VA For $65M
FINANCEDRetail

Apex Clean Energy Refinances Retail Property In Charlottesville, VA For $65M

100 Garrett Street, Charlottesville, Virginia 22902, United States

$65,000,000

$245,283/SF

Building Size

265 SF

Asset Type

Retail

Closing

Apr 17, 2023

AI

The retail property located at 100 Garrett Street in Charlottesville, VA has undergone a loan refinance transaction. The property spans a total area of 265,000 square feet and is owned by Apex Clean Energy. The loan amount for the refinance is $65,000,000.

Summary of Transaction Details:

The loan refinance was facilitated by Keith Wells, Mike Lowry, Reina Abboud, and Hunter Wood, who represented the parties involved in the transaction.

Players

Hunter Wood

NorthMarq

Broker

$421M

vol

10 deals

Broker

Charlottesville 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93