RRA Capital Provides $5,850,000 Loan For Office Asset At 2929 E. Camelback Rd. In Phoenix
2929 E. Camelback Rd.
$5,850,000
$45/SF
Building Size
129,052 SF
Asset Type
Office
Closing
Aug 30, 2013
About this deal
AI
This transaction involves an office asset located at 2929 E. Camelback Rd., in the Phoenix market. The loan amount secured for this asset totals $5,850,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,850,000.00
- Lender: RRA Capital
- Brokers: Dan Rikkers
The deal was facilitated by Dan Rikkers, who acted on behalf of the involved parties, contributing to the successful transaction process in the Phoenix market.
The office loan at 2929 E. Camelback Rd. in Phoenix, Arizona financed for $5.9M in 2013. The building is 129,052 square feet, implying about 45 per square foot on the published price. This page is the Phoenix, Arizona file for the 2929 E. Camelback Rd. office financed: pricing, party profiles, and other closed office comps from the same Phoenix sit in the Market section below. Filter that Phoenix office set by closing date to see what else financed near 2929 E. Camelback Rd. around 2013. Published consideration for 2929 E. Camelback Rd. is $5.9M, dated 2013. Cite this RRA Capital Provides $5,850,000 Loan For Office Asset At 2929 E. Camelback Rd. In Phoenix loan when underwriting similar office product around Phoenix, Arizona.
On the Map
$5,850,000
$45/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93