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:
- Property Type: Retail
- Transaction Amount: $5,750,000.00
- Address: 2626 S Hardy Dr.
- Market: Tempe
- Lender: RRA Capital
- Broker: Zane Sweet (JLL)
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
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