FINANCEDIndustrial
RRA Capital Provides $5,835,000 Loan For Industrial Asset At 2335 W. 208th St. Torrance
2335 W. 208th St.
$5,835,000
$300/SF
Building Size
19,451 SF
Asset Type
Industrial
Closing
Feb 26, 2021
AI
The asset involved in this transaction is an industrial property located at 2335 W. 208th St., Torrance, with a loan amount of $5,835,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,835,000.00
- Date: 02/26/2021
- Lender: RRA Capital
- Brokers: Mark Brandenburg - JLL
Mark Brandenburg of JLL represented the deal, facilitating the loan secured for the industrial asset by RRA Capital.
Players
Torrance 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
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93