$2.72M Loan Secured By RRA Capital For Office At 9715 Businesspark Ave In San Diego
9715 Businesspark Ave.
$2,724,341
$80/SF
Building Size
33,952 SF
Asset Type
Office
Closing
Jul 16, 2015
AI
The asset involved in this transaction is an office property located at 9715 Businesspark Ave. in San Diego. The property was financed with a loan amount of $2,724,341.00, specific to the characteristics of this office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,724,341.00
- Loan Date: 07/16/2015
- Broker: Aaron Beck
- Agency: NorthMarq
- Lender: RRA Capital
Aaron Beck represented NorthMarq in this transaction, acting as the broker for the deal while RRA Capital served as the lender, facilitating the loan agreement for this office property in the San Diego market.
Players
San Diego Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93