Cathedral City Marketplace is a 195,000-square-foot shopping center in Cathedral City, California, approximately seven miles southeast of Palm Springs. The property is situated on 21 acres and includes a mix of grocery, fitness, discount retail, dining and sports-bar tenants.
Calmwater Capital provided a $20.9 million loan for the acquisition of Cathedral City Marketplace. Rhino Investment Group is the borrower.
Key facts about Cathedral City Marketplace
| Characteristic | Details |
|---|---|
| Property type | Shopping center |
| Location | Cathedral City, California |
| Distance from Palm Springs | Approximately seven miles southeast |
| Site area | 21 acres |
| Total property area | 195,000 square feet |
| Borrower | Rhino Investment Group |
| Lender | Calmwater Capital |
| Loan amount | $20.9 million |
Location and scale
Cathedral City Marketplace is located in Cathedral City, California, approximately seven miles southeast of Palm Springs. Situated on 21 acres, the property totals 195,000 square feet.
The combination of a 21-acre site and 195,000 square feet of space defines Cathedral City Marketplace as a substantial retail property within the Cathedral City area. Its tenant mix spans several everyday and service-oriented categories, including grocery shopping, fitness, discount retail, dining and entertainment.
Tenants at Cathedral City Marketplace
Tenants at the center include Kroger’s Food 4 Less, Planet Fitness, dd’s Discounts, DJ’s Sports Bar and Subway.
- Kroger’s Food 4 Less
- Planet Fitness
- dd’s Discounts
- DJ’s Sports Bar
- Subway
The listed occupants represent a varied tenant profile. Food 4 Less provides grocery retail, Planet Fitness operates in the fitness category, dd’s Discounts offers discount retail, and DJ’s Sports Bar and Subway provide food and dining options.
Acquisition financing
Calmwater Capital has provided a $20.9 million loan for the acquisition of Cathedral City Marketplace, a shopping center located in Cathedral City, approximately seven miles southeast of Palm Springs.
Rhino Investment Group is the borrower. The financing supported the acquisition of the 195,000-square-foot shopping center, which occupies a 21-acre site and includes Kroger’s Food 4 Less, Planet Fitness, dd’s Discounts, DJ’s Sports Bar and Subway.
Professionals involved in the transaction
Larry Grantham, Zach Novatt and DaJuan Bennett of Calmwater originated the loan. Jeff Sause, Chad Morgan, Daniel Skerrett and Jalynn Borders of JLL Capital Markets arranged the financing on behalf of Rhino.
Calmwater Capital
Larry Grantham, Zach Novatt and DaJuan Bennett of Calmwater originated the loan. Calmwater Capital provided the $20.9 million acquisition loan for Cathedral City Marketplace.
JLL Capital Markets
Jeff Sause, Chad Morgan, Daniel Skerrett and Jalynn Borders of JLL Capital Markets arranged the financing on behalf of Rhino Investment Group.
tags: #cathedral #city #marketplace