Updated Feb 4, 2025
RRA Capital Provides $9 Million Loan For Industrial Asset In Gardena At 16911 S. Normandie Ave
16911 S. Normandie Ave.
$9,000,000
Building Size
—
Asset Type
Industrial
Closing
Feb 28, 2020
About this deal
AI
The property asset involved in this transaction is an industrial property located at 16911 S. Normandie Ave. in Gardena. The transaction features a loan amount of $9,000,000.00 associated with this property.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $9,000,000.00
- Broker: Trevor Blood - PSRS- Pacific Southwest Realty Services
- Lender: RRA Capital
- Loan Date: 02/28/2020
This transaction involved significant representation from Trevor Blood, who acted on behalf of the brokerage PSRS- Pacific Southwest Realty Services in the deal. The financing for this transaction was provided by RRA Capital, marking a notable engagement in the Gardena industrial market.
Players
Gardena 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93