NorthMarq completes $7.2 million in acquisition financing for Sam’s Club in Douglasville, Georgia

Sam’s Club

Debt & Equity

Multi-Tenant

MIAMI, FLORIDA (December 3, 2019) – NorthMarq’s Miami-based regional office arranged acquisition financing of $7.2 million for a Sam’s Club. The retail property is located at 6995 Concourse Parkway in Douglasville, Georgia.

Financing Details:
- 5-year interest only term
- NorthMarq arranged financing for the borrower through its relationship with a Mid-West based national life insurance company.
- The transaction was a re-deployment of equity via a 1031 exchange resulting from the sale of a property which NorthMarq had previously financed for the borrower.

Property Details:
- The property contains 129,532 sq. ft.

Producer Quote:
“We’re at an interesting juncture in the capital markets. With investment grade tenant cap rates above first mortgage interest rates, property owners benefit from a unique return arbitrage.”

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.