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6200 6270 E Broadway Blvd

RRA Capital Provides $6.19M Loan For Retail Property At 6200 6270 E Broadway Blvd Tucson
FINANCEDRetail

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:

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

Tim Storey

Gantry

Broker

$187.2M

vol

10 deals

Broker
RRA Capital
RRA CapitalLender

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