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1010 Sandhill Ave.

RRA Capital Provides $13 Million Loan For Industrial Property At 1010 Sandhill Ave In Carson
FINANCEDIndustrial

RRA Capital Provides $13 Million Loan For Industrial Property At 1010 Sandhill Ave In Carson

1010 Sandhill Ave.

$13,000,000

Building Size

Asset Type

Industrial

Closing

Jul 14, 2020

AI

The asset involved in the transaction is an industrial property located at 1010 Sandhill Ave. in the Carson market. The loan amount secured for this property is $13,000,000.00, facilitating its operational needs or potential development.

Summary of transaction details:

Michael Malik represents the broker in this loan transaction, connecting the borrower with the lender, RRA Capital, to enable this financing solution.

Players

Michael Malik

Broadway Capital Partners

Broker

$56.5M

vol

5 deals

Broker
RRA Capital
RRA CapitalLender
Vella Group
Vella GroupLandlord

Carson Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93