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