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13040 Cerise Ave.

RRA Capital Provides $7.9 Million Loan For Industrial Property In Hawthorne
FINANCEDIndustrial

RRA Capital Provides $7.9 Million Loan For Industrial Property In Hawthorne

13040 Cerise Ave.

$7,900,000

$137/SF

Building Size

57,602 SF

Asset Type

Industrial

Closing

Aug 7, 2020

AI

The property asset involved in the transaction is an industrial property located at 13040 Cerise Ave. in the Hawthorne market. The loan amount secured for this asset is $7,900,000.00.

Summary of transaction details:

This transaction features the involvement of Michael Malik as the representative broker, facilitating the loan process for this industrial property. RRA Capital served as the lender for the transaction, ensuring the financing needs were met for this deal.

Players

Michael Malik

Broadway Capital Partners

Broker

$56.5M

vol

5 deals

Broker
RRA Capital
RRA CapitalLender
Vella Group
Vella GroupLandlord

Hawthorne 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93