Updated Dec 4, 2024
Wells Fargo Provides $14 Million Loan For Nili Investments Retail Acquisition In Vancouver WA
11808 Northeast Fourth Plain Boulevard
$14,000,000
$123/SF
Building Size
113,000 SF
Asset Type
Retail
Closing
Jul 8, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 11808 Northeast Fourth Plain Boulevard, Vancouver, WA, with a total square footage of 113,000. The loan amount secured for the acquisition of this property is $14,000,000 through Wells Fargo as the lender.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Lender: Wells Fargo
- Landlord: Nili Investments
- Broker: Mark Neuman - Corvin Capital
- Date: 07/08/2024
This transaction highlights the involvement of key individuals and entities, including Nili Investments as the landlord and Mark Neuman representing Corvin Capital as the broker for this deal, facilitating the acquisition process.
Players
Vancouver 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93