NorthMarq Capital arranged $2.5 Million Mortgage for Airpark Home Center in Scottsdale, AZ

Airpark Home Center
PHOENIX – NorthMarq Capital's Phoenix regional office, arranged first mortgage refinancing of $2.5 million for Airpark Home Center located at 8355 East Butherus Drive in Scottsdale, Arizona. This asset is a multi-tenant industrial flex building with approximately 50% of showroom/office space and 50% warehouse space. The major tenant at the site is Hughes Supply, a provider of complete lines of residential, commercial, and decorative showroom plumbing supplies from leading manufacturers. Financing was based on a 5-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender. “This is a high quality building in a great location near Costco, and it has a solid tenant base with a strong orientation towards upscale home improvements,” Stults said. “We were pleased to arrange attractive, flexible, fixed-rate and non-recourse financing on this asset.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit:

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