$7M Loan Secured By RRA Capital For Self Storage Asset At 2357 E Glenn Ave Auburn
FINANCED
$7,000,000
Alabama
See Similar DealsSelf Storage31,397 SF
Financed 03/27/2024
FINANCED
$7M Loan Secured By RRA Capital For Self Storage Asset At 2357 E Glenn Ave Auburn
2357 E Glenn Ave.
See Similar DealsSelf Storage31,397 SF
Financed 03/27/2024
Summary
ALABAMA
Asset Type:Self Storage
Price Per Square Foot:$223
Total Square Footage:31,397 SF
Transaction Type:Loan
The property asset involved in this transaction is a self-storage facility located at 2357 E Glenn Ave, Auburn. The loan amount for this asset is $7,000,000.00.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $7,000,000.00
- Lender: RRA Capital
- Brokers: Matt Bucaro
- Transaction Date: 03/27/2024
This transaction includes representation from Matt Bucaro, who facilitated the deal involving the lender RRA Capital and the property located in Auburn, enhancing the dynamics of the negotiation process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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