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1000 Fremont Ave, Alhambra,...

Ratkovich Company Secures $150M Loan For Alhambra Office Building
FINANCEDOffice

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

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.

Players

Wells Fargo
Wells FargoLender

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