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Michael Hughes Of Marcus & Millichap Secures $8M Loan For Hales Corners Plaza Retail Center
FINANCED
$8,025,000
Wisconsin
See Similar DealsRetail94,207 SF
Financed 10/09/2025
FINANCED
Michael Hughes Of Marcus & Millichap Secures $8M Loan For Hales Corners Plaza Retail Center
5301 S 108th St
See Similar DealsRetail94,207 SF
Financed 10/09/2025
Summary
WISCONSIN
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:94,207 SF
Transaction Type:Loan
The property asset involved is Hales Corners Plaza, a fully leased retail center located at 5301 S 108th St, Hales Corners, WI. The asset encompasses a total square footage of 94,207. The loan amount secured for this transaction is $8,025,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,025,000
- Loan Amount: $8 million
- Interest Rate: 6%
- Term: 5 years
- LTV: 75%
- Amortization: 30 years
- Broker: Michael Hughes - Marcus & Millichap
Marcus & Millichap Capital Corporation arranged the financing for Hales Corners Plaza on behalf of a private client. Managing Director Michael Hughes played a key role in securing the loan from a credit union.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,025,000.00
Monthly NOI$53,500.00
Monthly Debt Service$50,723.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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