RRA Capital Provides $7.35 Million Loan For Industrial Property At 4550 W. Van Buren St
4550 W. Van Buren St.
$7,350,000
Building Size
—
Asset Type
Industrial
Closing
Jun 13, 2018
AI
The asset involved is an industrial property located at 4550 W. Van Buren St., in the Phoenix market. The loan amount for this transaction was recorded at $7,350,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,350,000.00
- Loan Date: 06/13/2018
- Lender: RRA Capital
- Broker: Adam Parker - Gantry
Adam Parker represented the interests of the involved parties during this transaction, facilitating the loan coordination between the borrower and lender, thereby enabling the financial arrangement for the property.
Players
Phoenix Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93