RRA Capital Provides $9.51 Million Loan For Scottsdale Office At 14614 N. Kierland Blvd
14614 N. Kierland Blvd.
$9,515,000
$104/SF
Building Size
91,186 SF
Asset Type
Office
Closing
May 15, 2020
About this deal
AI
The property asset involved in the transaction is an office located at 14614 N. Kierland Blvd., Scottsdale. The asset secured a loan amount of $9,515,000.00 for this transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,515,000.00
- Date: 05/15/2020
- Lender: RRA Capital
- Brokers: Ann McCartney
The key individuals involved in the deal include Ann McCartney, who served as the broker representing the transaction. The loan was facilitated by RRA Capital, indicating the financial institution's role in supporting this office property's financing needs.
On the Map
$9,515,000
$104/SF
Office
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Players
Scottsdale Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93