STNL Shell Gas – Acquisition

Midwest, US

$1,815,000

Funding Purpose

Tauro Capital Advisors was engaged under an exclusive basis to place debt for the acquisition of a Shell & Arby’s location in the Midwest.

Property Description

The Shell gas station features an Arby’s with a drive-thru in addition to a convenience store.

Sponsors

The buyer has decades of commercial real estate experience and is exchanging out of multiple assets into various NNN properties on both coasts.

Challenges

  • Sponsor up against 1031-exchange deadline.
  • Lack of comparables presented challenges for the appraiser in an uncertain environment.

Solutions

  • Funding secured with a credit union that was able to get the deal closed in time.
  • Proactive collaboration with buyer and seller’s brokers ensured appraisal came in on target.

Funding

  • Interest Rate: 3.78%
  • Amortization: 30 Years
  • Term: 10 Years
  • Prepayment: No penalty

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com

Associate Director  | Capital Advisor

714-402-1210

mtbucaro@taurocapitaladvisors.com