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
About this deal
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.
On the Map
$65,000,000
$245,283/SF
Retail
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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