NorthMarq Arranges $6.45M Mortgage for Sprouts Distribution Facility in Glendale

Sprouts

 James DuMars, senior vice president and managing director of NorthMarq’s Phoenix regional office, arranged acquisition financing of $6.45 million for 5445 W. Missouri Avenue (Missouri/55th Avenue) in Glendale, Arizona.  This asset is a 106,000 sq. ft. office/warehouse building 100% leased to Sprouts.  Financing was based on a 7-year term and a 21-year amortization schedule.  NorthMarq arranged this financing for the borrower, WAM (US) Glendale, L.P., through its relationship with a local bank.

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