Retail

Performing Loan Sale | Retail Mall | Atlanta MSA

atlanta Atlanta, GA United States 30301
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1976
Occupancy 91.0 %

Property Description

The Collateral benefits from an extended trade area that encompasses a population in excess of 800,000 and enjoys excellent visibility along the region’s primary arterial with a VPD count of 140,000.

Investment Highlights

Jones Lang Lasalle (“JLL”) has been retained by the Seller on an exclusive basis to arrange the sale of a $37 million performing first mortgage loan (the “Loan”) secured by a 1,010,991 sf retail asset (currently 78% occupied) located in the Atlanta MSA (the “Property” or the “Collateral”). The loan was structured with a three-year term (including two one-year extension options) and an initial 12-month interest-only period, amortizing on a 30-year schedule thereafter beginning in January 2020. The loan carries a floating rate of L+400 with a 6.00% floor and a 7.50% cap with a current principal balance of $36,966,624.
Tom Hall
Tom Hall
Managing Director, Capital Markets
Sean Ryan
Sean Ryan
Managing Director, Capital Markets

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