NorthMarq Capital arranged $6.45 million mortgage for Sprouts Distribution Facility in Glendale, Arizona
Sprouts Distribution Facility
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.
Meet our team
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.
