DebtX is pleased to announce the sale of a $33.7 million recently matured (12/2018) loan secured by a four-building, 310,000 SF retail shopping center outside of Chicago. The property is 73% occupied by 14 tenants with two vacant units totaling 85,000 SF. All leases are NNN, and most of the tenants are national/regional. The LTV is 100% based on a recent appraisal, and the 2018 annualized NOI is $2.45 million.
Final bids are due before February 5th at 2pm ET.
For more information, please contact Mike Roth at 617-531-3424 or firstname.lastname@example.org.
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