Real Estate Daily News reported that Greenwood Village, Colorado-based Cadence Capital Investments entered Arizona by acquiring Gladden Farms retail in Marana for $16.8 million. We attribute the buyer, the city, and the price to that report. Capital Market Funds did not arrange the loan, does not represent Cadence, and will not use $16.8 million as a quote or a per-square-foot rule for the next center. The underwriting point is narrower: Denver-area capital has bought grocery-anchored or neighborhood retail in the Tucson orbit, in Marana, which is Pima County growth rather than the downtown streetcar.
A Marana shop space and a campus pad in central Tucson do not share tenants. Send the address. Retail product inside Tucson proper is Tucson retail. The city overview is Tucson. If the building is downtown rather than suburban Marana, use downtown Tucson for the location facts and keep the loan request explicit. Owners and sponsors can also start at owners and sponsors.
We arrange the Arizona mortgage on Arizona commercial mortgage. A Colorado exchanger still needs a qualified intermediary and a CPA. We do not advise Colorado or Arizona tax, and we do not claim a Colorado license or a Denver office. Exchange timing for the loan is Arizona 1031.
Marana retail is a suburban rent roll
Gladden Farms is a master-planned context: rooftops, a grocer or shadow anchor, and leases that a life company or a bank can read. Send the rent roll, the sales if they are reported, and any co-tenancy clause. CMBS is a stretch for a small center. Bridge fits a vacant anchor. We will not assume your center matches Cadence's because both are in Marana.
Insurance, roof age, and the remaining term on the largest tenant decide more than the fact that the buyer lives in Greenwood Village.
No Colorado footprint
Calls are taken in Scottsdale. We will not describe a Colorado banker, a Boulder office, or a local Colorado license. If a lender in Colorado is already in your deal, send their term sheet and we will say whether an Arizona execution is actually different.
No tombstone names Marana, Gladden Farms, or a Colorado buyer.