RRA Capital Provides $2,908,000 Loan For Retail Property At 1707 E Broadway Rd In Tempe
1707 1755 E Broadway Rd.
$2,908,000
$116/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Aug 19, 2021
About this deal
AI
The asset involved in this transaction is a retail property located at 1707 1755 E Broadway Rd, Tempe. The loan amount secured is $2,908,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,908,000.00
- Loan Date: 08/19/2021
- Lender: RRA Capital
- Broker: Patrick O'Donnell
Patrick O'Donnell represents the involved parties in this transaction, facilitating the deal and ensuring the successful loan acquisition by the relevant stakeholders.
The retail loan at 1707 1755 E Broadway Rd. in Tempe, Arizona financed for $2.9M in 2021. The building is 25,000 square feet, implying about 116 per square foot on the published price. This page is the Tempe, Arizona file for the 1707 1755 E Broadway Rd. retail financed: pricing, party profiles, and other closed retail comps from the same Tempe sit in the Market section below. Filter that Tempe retail set by closing date to see what else financed near 1707 1755 E Broadway Rd. around 2021. Published consideration for 1707 1755 E Broadway Rd. is $2.9M, dated 2021. Cite this RRA Capital Provides $2,908,000 Loan For Retail Property At 1707 E Broadway Rd In Tempe loan when underwriting similar retail product around Tempe, Arizona.
Players
Tempe Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.45%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93