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2802 West Palm Lane

RRA Capital Provides $6.18M Loan For Industrial Property At 2802 West Palm Lane In Phoenix
FINANCEDIndustrial

RRA Capital Provides $6.18M Loan For Industrial Property At 2802 West Palm Lane In Phoenix

2802 West Palm Lane

$6,175,000

$53/SF

Building Size

115,682 SF

Asset Type

Industrial

Closing

Nov 29, 2021

AI

The asset involved in this transaction is an industrial property located at 2802 West Palm Lane in Phoenix. The loan amount secured for this transaction is $6,175,000.00.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,175,000.00
  • Address: 2802 West Palm Lane
  • Market: Phoenix
  • Lender: RRA Capital
  • Brokers: Jacob Lee - PSRS - Pacific Southwest Realty Services

Jacob Lee represented the broker side of this deal through Pacific Southwest Realty Services, facilitating the transaction between the involved parties.

Players

Jacob Lee

PSRS- Pacific Southwest Realty Services

Broker

$91M

vol

7 deals

Broker
RRA Capital
RRA CapitalLender

Phoenix Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.57%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93