Michael Hughes Of Marcus & Millichap Secures $8M Loan For Hales Corners Plaza Retail Center
5301 S 108th St
$8,025,000
$85/SF
Building Size
94,207 SF
Asset Type
Retail
Closing
Oct 9, 2025
About this deal
AI
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.
Players
Hales Corners 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
1.98%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93