Capstar Bank Provides $3.25 Million Loan For Office Property In Hawthorne
14204 Prairie Ave
$3,250,000
$386/SF
Building Size
8,400 SF
Asset Type
Office
Closing
Mar 11, 2022
AI
The property asset involved in the transaction is an office located at 14204 Prairie Ave in the Hawthorne market. The loan amount for this transaction is $3,250,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,250,000.00
- Address: 14204 Prairie Ave
- Market: Hawthorne
- Lender: Capstar Bank
- Brokers: Joe Bolognese, Garrett Stasand (Cushman & Wakefield)
The deal's key individuals include Joe Bolognese and Garrett Stasand, representing the parties involved in the transaction. Garrett Stasand is affiliated with Cushman & Wakefield, highlighting the brokerage firm involved in the deal.
Players
Hawthorne 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93