Gantry Secures $10M Refinance Loan For Nob Hill Shopping Center, Yakima
2204 West Nob Hill Boulevard
$10,000,000
$113/SF
Building Size
88,500 SF
Asset Type
Retail
Closing
Apr 10, 2024
AI
The Nob Hill Shopping Center in Yakima, Washington, comprising 88,500 square feet, secured a $10 million loan for a refinance deal. The retail center, located at 2204 West Nob Hill Boulevard, is anchored by Safeway.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Market: Yakima, WA
- Brokers: Erinn Cooke & Tony Kaufmann - Gantry
- Loan Type: Refinance
- Loan Terms: 30-year, fixed-rate
Gantry played a key role in facilitating the $10 million refinancing loan for the Nob Hill Shopping Center. Erinn Cooke and Tony Kaufmann, representing Gantry, were the brokers who helped secure the 30-year fixed-rate loan.
Players
Yakima 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93