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
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