Updated Feb 4, 2025
RRA Capital Provides $2,406,000 Loan For Office At 5040 Shoreham Place San Diego
5040 Shoreham Place
$2,406,000
$29/SF
Building Size
80,800 SF
Asset Type
Office
Closing
Feb 26, 2016
About this deal
AI
The asset involved in this transaction is an office property located at 5040 Shoreham Place in the San Diego market. The loan amount secured for this property is $2,406,000.00, but specifics regarding square footage or additional characteristics are not provided.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,406,000.00
- Address: 5040 Shoreham Place
- Market: San Diego
- Lender: RRA Capital
- Brokers: Ben Schwartz
This transaction involved Ben Schwartz representing the broker side of the deal, facilitating the loan arrangement with RRA Capital for the office property located at 5040 Shoreham Place. Details about other parties involved in the transaction are not specified.
On the Map
$2,406,000
$29/SF
Office
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Players
San Diego 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
6.59%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93