Updated Feb 4, 2025
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
About this deal
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.
The industrial loan at 2802 West Palm Lane in Phoenix, Arizona financed for $6.2M in 2021. The building is 115,682 square feet, implying about 53 per square foot on the published price. Jacob Lee, PSRS- Pacific Southwest Realty Services appear on the loan alongside PSRS- Pacific Southwest Realty Services. This page is the Phoenix, Arizona file for the 2802 West Palm Lane industrial financed: pricing, party profiles, and other closed industrial comps from the same Phoenix sit in the Market section below. Filter that Phoenix industrial set by closing date to see what else financed near 2802 West Palm Lane around 2021. Published consideration for 2802 West Palm Lane is $6.2M, dated 2021. Cite this RRA Capital Provides $6.18M Loan For Industrial Property At 2802 West Palm Lane In Phoenix loan when underwriting similar industrial product around Phoenix, Arizona.
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