RRA Capital Provides $2,067,966 Loan For Office Property At 4415 S. Wendler Dr
4415 S. Wendler Dr.
$2,067,966
$23/SF
Building Size
86,395 SF
Asset Type
Office
Closing
Apr 15, 2014
About this deal
AI
The asset involved in this transaction is located at 4415 S. Wendler Dr., in the Tempe market. It represents an office property type secured by a loan amounting to $2,067,966.00. The property's specifications are aligned with the requirements for financing under the terms provided by the lender.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,067,966.00
- Address: 4415 S. Wendler Dr.
- Market: Tempe
- Lender: RRA Capital
- Broker: Chris Krewson (Newmark)
This transaction involves Chris Krewson from Newmark representing the broker side, while the financial aspects are supported by RRA Capital as the lending entity. The details reflect the roles and responsibilities of the parties engaged in this closed property transaction.
Players
Tempe 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
7.67%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93