August 12, 2013

NorthMarq Capital arranged $6.45 million mortgage for Sprouts Distribution Facility in Glendale, Arizona

Sprouts Distribution Facility

Debt & Equity

Multi-Tenant

PHOENIX – James DuMars, svp/managing director of NorthMarq Capital's Phoenix-based regional office, arranged acquisition financing of $6.45 million for 5445 W. Missouri Avenue (Missouri/55th Avenue) in Glendale, Arizona. This asset is a 106,000 sq. ft. office/warehouse building 100% leased to Sprouts. Financing was based on a 7-year term and a 21-year amortization schedule. NorthMarq arranged this financing for the borrower, WAM (US) Glendale, L.P., through its relationship with a local bank.

View Available Industrial Listings

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Transactions