Marcus & Millichap Capital Corporation Arranges $6.8M Acquisition Loan For Retail Property On Hutchinson Boulevard In Panama City Beach | 1105 Hutchinson Boulevard | Garrett Fierstein, Simon Grigoryan, Chad E. Atwood | Retail | Loan

Summary

Loan

FLORIDA

Retail

48,000 sqft

An acquisition loan of $6,800,000 was secured for a retail property located at 1105 Hutchinson Boulevard in Panama City Beach. The property has a total square footage of 48,000 and is situated on 5.1 acres.

Summary of transaction details

Property Type: Retail
Transaction Amount: $6,800,000
Address: 1105 Hutchinson Boulevard
Market: Panama City Beach
Square Footage: 48,000
Acres: 5.1

The acquisition loan has a 10-year term with a fixed interest rate of 3.95%. The loan-to-value ratio (LTV) is 70%.

Garrett Fierstein, Simon Grigoryan, and Chad Atwood of Marcus & Millichap Capital Corporation represented the parties involved in the deal.

Players

All
4

Agents
3
Agencies
1

$16.2M Sold

$57.5M Sold

Vice President Investments

$46.4M Sold

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Garrett Fierstein, Chad Atwood & Simon Grigoryan DATE: 04/06/2022 ADDRESS: 1105 Hutchinson Boulevard MARKET: Panama City Beach ASSET TYPE: Retail ~ SF: 48,000 ~ ACRES: 5.1 BROKERS: Garrett Fierstein, Simon Grigoryan & Chad Atwood - Marcus & Millichap Capital Corporation LOAN AMOUNT: $6,800,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 10-year fixed loan has a 70 percent LTV and an interest rate of 3.95 percent.

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Address1105 Hutchinson Boulevard

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