NNN AutoZone – Development

Jurupa Valley, CA

$1,200,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place an acquisition and construction loan for the purchase and development of a NNN AutoZone building.

Property Description

The standalone retail property is located on the southwest corner of Limonite Avenue and Corey Street in Jurupa Valley, CA. It’s a build-to-suit for NNN lease by AutoZone.

Sponsors

The sponsor is a real estate investor with a background in purchasing and developing other NNN retail properties.

Challenges

  • The sponsor needed to secure a construction loan at 100% LTC.

Solutions

  • The sponsor was able to secure a loan with a financial provider who has since been added to Tauro’s database and will be utilized in future deals.

Funding

  • Loan-to-Value: 70%
  • Interest Rate: 10%
  • Term: 1 Year
  • Recourse: Full recourse
  • Interest Only: 1 Year
  • Prepayment: Allowed

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com