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:
- Property Type: Retail
- Transaction Amount: $65,000,000
- Address: 100 Garrett Street
- Market: Charlottesville, VA
- Asset Type: Retail
- Square Footage: 265,000
- Landlord: Apex Clean Energy
- Brokers: Keith Wells, Mike Lowry, Reina Abboud, Hunter Wood
- Loan Type: Refinance
The loan refinance was facilitated by Keith Wells, Mike Lowry, Reina Abboud, and Hunter Wood, who represented the parties involved in the transaction.
Players
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