RRA Capital Secures $32.03M Loan For Office Property At 1661 East Camelback Road In Phoenix
1661 East Camelback Road
$32,035,000
$169/SF
Building Size
189,241 SF
Asset Type
Office
Closing
Nov 6, 2025
AI
An office property located at 1661 East Camelback Road in Phoenix, AZ, has a total square footage of 189,241. The loan associated with this property involves a refinance transaction for a total amount of $32,035,000.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $32,035,000
- Lender: RRA Capital
- Lender's Representative: Marcus Goodwin - RRA Capital
- Broker: Scott Peterson - CBRE
- Loan Type: Refinance
- Loan Terms: 24 Months
- Date: 11/07/2025
This transaction is represented by Marcus Goodwin, acting on behalf of the lender RRA Capital, and brokered by Scott Peterson from CBRE, highlighting the roles played by these individuals in the deal's closing.
Players
Phoenix Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93