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Garrett Fierstein Of Marcus & Millichap Arranges $8.19 Million Loan For Williamsburg Marketcenter

Property Image
FINANCED
$8,190,000

Virginia

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Retail
Financed 06/25/2025
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Property Image
FINANCED

Garrett Fierstein Of Marcus & Millichap Arranges $8.19 Million Loan For Williamsburg Marketcenter

6610 Mooretown Road

See Similar Deals
Retail
Financed 06/25/2025
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Retail
Transaction Type:Loan

The transaction involves a retail asset located at 6610 Mooretown Road, Williamsburg, VA, with a total size of 176,000 square feet. The financing secured for this property amounts to $8,190,000, structured as a 10-year loan that features a 6.25% interest rate and a 25-year amortization schedule, representing a loan-to-value ratio of 75%.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,190,000
  • Loan Terms: 10-year loan
  • Address: 6610 Mooretown Road
  • Market: Williamsburg, VA
  • Broker: Garrett Fierstein - Marcus & Millichap

Marcus & Millichap Capital Corporation was responsible for arranging the financing for the property, with Garrett Fierstein securing the loan for the transaction. The deal illustrates the continued activity in the retail sector within the Williamsburg market, highlighting key players and their involvement in facilitating significant financing arrangements.

Players

Garrett Fierstein
Marcus & Millichap
Garrett Fierstein
21 deals$126.6M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

FINANCED
IMAGE: 06/25/2025 ADDRESS: 6610 Mooretown Road MARKET: Williamsburg, VA ASSET TYPE: Retail BROKER: Garrett Fierstein - Marcus & Millichap LOAN AMOUNT: $8,190,000 LOAN TERMS: 10-year loan NOTE: Marcus & Millichap Capital Corporation arranged $8.19 million in financing for Williamsburg Marketcenter, a 176,000-square-foot retail center in Williamsburg, VA. The 10-year loan, secured by Garrett Fierstein, features a 6.25% interest rate, 25-year amortization, and 75% loan-to-value.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,190,000.00

Monthly NOI$54,600.00
Monthly Debt Service$51,766.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00