Updated Feb 4, 2025
$7M Loan Secured By RRA Capital For Self Storage Asset At 2357 E Glenn Ave Auburn
2357 E Glenn Ave.
$7,000,000
$223/SF
Building Size
31,397 SF
Asset Type
Self Storage
Closing
Mar 27, 2024
About this deal
AI
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.
The self storage loan at 2357 E Glenn Ave. in Auburn, Alabama financed for $7M in 2024. The building is 31,397 square feet, implying about 223 per square foot on the published price. This page is the Auburn, Alabama file for the 2357 E Glenn Ave. self storage financed: pricing, party profiles, and other closed self storage comps from the same Auburn sit in the Market section below. Filter that Auburn self storage set by closing date to see what else financed near 2357 E Glenn Ave. around 2024. Published consideration for 2357 E Glenn Ave. is $7M, dated 2024. Cite this $7M Loan Secured By RRA Capital For Self Storage Asset At 2357 E Glenn Ave Auburn loan when underwriting similar self storage product around Auburn, Alabama.
On the Map
$7,000,000
$223/SF
Self Storage
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93