December 4, 2023

Northmarq secures refinance of Toledo, OH Walgreens for $3.84 million

Walgreens Toledo

Debt & Equity

Multi-Tenant

freestanding, single-tenant property leased to Walgreens in Toledo, OH

MIAMI (Dec. 4, 2023) — Northmarq’s Miami Debt + Equity team of Garrett Stasand, vice president, Jaspaul Kapoor, senior vice president, and David Henney, vice president, has completed the $3.84 million refinance of a freestanding, single-tenant property leased to Walgreens. Located at 4580 Monroe St. in Toledo, Ohio, the retail property was built in 2002 and features 13,125 sq. ft. The loan is co-terminus with the lease, offering four years of term with a 5-year extension option. Northmarq secured the permanent fixed rate loan for the borrower through its relationship with a credit union. Learn more about Northmarq’s financing services here.

Available Retail (MT) properties

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: www.northmarq.com.