Updated Feb 4, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $7,900,000.00
- Date: 08/07/2020
- Lender: RRA Capital
- Brokers: Michael Malik
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.
On the Map
$7,900,000
$137/SF
Industrial
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Players
Hawthorne 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93