CHANTILLY, VA — Marcus & Millichap Capital Corporation (MMCC) arranged $3,500,455 in financing for the acquisition of an asset occupied by Sheetz Gas Station and convenience store.
Jared Cassidy, senior director in MMCC’s Washington, D.C. office, secured the financing with a National Bank on behalf of a private client.
“This newly developed asset was an ideal acquisition for our client given the phenomenal location in Loudon County and 18 plus years left on an original absolute net lease,” said Cassidy.
Terms of the 7-year loan include a sub 5.99% interest rate, 25-year amortization, and no prepayment penalty.