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14204 Prairie Ave

Capstar Bank Provides $3.25 Million Loan For Office Property In Hawthorne
FINANCEDOffice

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:

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

Joe Bolognese

Capstar Bank

Broker

$229.5M

vol

19 deals

Broker
Capstar Bank
Capstar BankLender

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