Circle Center

Transaction description

Pasha Johnson of PSRS arranged $5.85MM in acquisition financing for an unanchored retail strip in El Cajon, CA. The subject property is composed of two single-story buildings with the capacity to accommodate 12 tenants across 31,392 rentable square feet. Financed with credit union execution, the interest rate is locked at 3.50% for 10 years with payments based upon a 30-year schedule.