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5040 Shoreham Place

RRA Capital Provides $2,406,000 Loan For Office At 5040 Shoreham Place San Diego
FINANCEDOffice

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

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.

Players

Ben Schwartz

Cushman & Wakefield

Broker

$39.8M

vol

5 deals

Broker
RRA Capital
RRA CapitalLender

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