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:
- Property Type: Industrial
- Transaction Amount: $13,000,000.00
- Address: 1010 Sandhill Ave.
- Market: Carson
- Lender: RRA Capital
- Broker: Michael Malik
Michael Malik represents the broker in this loan transaction, connecting the borrower with the lender, RRA Capital, to enable this financing solution.
Players
Carson Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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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