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9715 Businesspark Ave.

$2.72M Loan Secured By RRA Capital For Office At 9715 Businesspark Ave In San Diego
FINANCEDOffice

$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:

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

Aaron Beck

NorthMarq

Broker

$272.9M

vol

12 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

5.82%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93