6590 Commerce Blvd

Rohnert Park, CA
6590 Commerce Blvd
6590 Commerce Blvd

Facility Highlights

  • Multi Tenant Retail project in Rohnert Park, CA consisting of 8,753 GLA
  • The site had deferred maintenance
  • Most tenants were on a month to month basis which was beneficial to the value add story but proposed a challenge on the financing

Transaction Summary

  • SVN assisted the Seller in obtaining a below market cap rate while still delivering yield spread and upside opportunity for the Buyer
  • SVN rolled with the punches of switching to financing from cash mid transaction and the Fed raising interest rates mid transaction pre rate lock
  • SVN closed the deal with an out of market Buyer sourced from their robust database

Key Benefits

  • SVN | True Real Estate Partners represented both parties in the transaction
  • The deal was planned to be a cash transaction and during escrow pivoted to include financing
  • SVN | True Real Estate Partners introduced the Buyer to one of their preferred lenders which resulted in a below market interest rate and ultimately delivered a higher yield spread for the Buyer and a higher purchase price for the Seller