RRA Capital Provides $6.19M Loan For Retail Property At 6200 6270 E Broadway Blvd Tucson
6200 6270 E Broadway Blvd
$6,188,000
Building Size
—
Asset Type
Retail
Closing
Jun 30, 2022
AI
The asset involved in this transaction is a retail property located at 6200 6270 E Broadway Blvd in the Tucson market. The loan amount for this property is $6,188,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,188,000.00
- Loan Date: 06/30/2022
- Broker: Tim Storey - Gantry
- Lender: RRA Capital
This transaction features Tim Storey representing the broker agency Gantry, facilitating the loan process with the lender RRA Capital. The deal signifies a structured financial agreement involving a notable loan amount, designed to support the retail asset transaction.
Players
Tucson 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93