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2626 S Hardy Dr.

RRA Capital Provides $5.75 Million Loan For Retail Property In Tempe, Arizona
FINANCEDRetail

RRA Capital Provides $5.75 Million Loan For Retail Property In Tempe, Arizona

2626 S Hardy Dr.

$5,750,000

Building Size

Asset Type

Retail

Closing

Jan 6, 2022

AI

The asset involved in this transaction is a retail property located at 2626 S Hardy Dr. in the Tempe market. The lender for this transaction is RRA Capital, providing a loan amount of $5,750,000.00.

Summary of transaction details:

Key individuals involved in this transaction include Zane Sweet, representing JLL as the broker in this deal. The focus of this transaction is on the loan provided by RRA Capital for the retail asset.

Players

Zane Sweet

JLL

Broker

$169.8M

vol

4 deals

Broker
RRA Capital
RRA CapitalLender

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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93