Updated Oct 29, 2024
Ratkovich Company Secures $150M Loan For Alhambra Office Building
1000 Fremont Ave, Alhambra, CA, USA
$150,000,000
$422/SF
Building Size
355,000 SF
Asset Type
Office
Closing
May 13, 2019
About this deal
AI
Located at 1000 Fremont Ave in Alhambra, this office property is owned by the Ratkovich Company. The property spans a total of 355,000 square feet and is situated in the Alhambra market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $150,000,000
- Lender: Wells Fargo
- Landlord: Ratkovich Company
- Loan Terms: 10-year fixed
- Image: Wayne Ratkovich
- Date: May 14, 2019
Wells Fargo provided a loan of $150,000,000 for the acquisition of this office property. The loan terms are set at 10 years fixed, providing a significant financial boost for the Ratkovich Company in their ownership of the asset. Wayne Ratkovich's image is associated with this transaction, further highlighting his involvement in the deal.
On the Map
$150,000,000
$422/SF
Office
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Players
Alhambra Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93