Updated Feb 4, 2025
RRA Capital Provides $2.6 Million Loan For Office Property At 650 W. Cienega Ave
650 W. Cienega Ave.
$2,600,000
Building Size
—
Asset Type
Office
Closing
Oct 12, 2017
About this deal
AI
The asset involved in the transaction is an office property located at 650 W. Cienega Ave. in the San Dimas market. The loan amount for this transaction is $2,600,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,600,000.00
- Lender: RRA Capital
- Broker: John Meek
- Transaction Date: 10/12/2017
This deal features John Meek as the broker representative facilitating the transaction on behalf of the involved parties, ensuring proper coordination of the loan arrangement with RRA Capital.
The office loan at 650 W. Cienega Ave. in San Dimas, California financed for $2.6M in 2017. 650 W. Cienega Ave. is classified as Office on Traded. Named participants on the 650 W. Cienega Ave. loan are John Meek. This page is the San Dimas, California file for the 650 W. Cienega Ave. office financed: pricing, party profiles, and other closed office comps from the same San Dimas sit in the Market section below. Filter that San Dimas office set by closing date to see what else financed near 650 W. Cienega Ave. around 2017. Published consideration for 650 W. Cienega Ave. is $2.6M, dated 2017. Cite this RRA Capital Provides $2.6 Million Loan For Office Property At 650 W. Cienega Ave loan when underwriting similar office product around San Dimas, California.
Players
San Dimas Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93