Grand Ave Business Plaza

Transaction description

PSRS coordinated a 10-year term, non-recourse loan with a 30-year amortization schedule with a CMBS lender for this retail strip in San Marcos, CA. Grand Avenue Business Plaza has five suites, and four tenants including a credit union, a dental office, and a fast food restaurant. The property is triangulated between Hwy 78, Marcos Blvd, and Grand Ave., giving the Illuminated and monument signs excellent visibility. Customers who shop at the plaza have 120 parking spaces to choose from. PSRS leveraged one of its strong and existing lender-relationships to get them the best deal for this repeat borrower.