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1661 East Camelback Road

RRA Capital Secures $32.03M Loan For Office Property At 1661 East Camelback Road In Phoenix
FINANCEDOffice

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

Scott Peterson

CBRE

Broker

$728.2M

vol

15 deals

Broker
CBRE
CBREBrokerage
RRA Capital
RRA CapitalBrokerage
Terra Capital Partners
Terra Capital PartnersLender

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