RRA Capital Provides $3.22M Loan For Retail Property At 4100 Central Ave Riverside
4100 Central Ave & 6611 School Circle Dr.
$3,219,000
$27/SF
Building Size
115,500 SF
Asset Type
Retail
Closing
Jun 30, 2021
AI
The asset involved in the transaction is a retail property located at 4100 Central Ave in the Riverside market. The loan amount for this property totals $3,219,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,219,000.00
- Address: 4100 Central Ave
- Market: Riverside
- Lender: RRA Capital
- Brokers: Jonathan Hakakha - Quantum Capital Partners, Steven Yazdani - Nova Capital
- Loan Date: 06/30/2021
The brokerage team represented in this deal includes Jonathan Hakakha from Quantum Capital Partners and Steven Yazdani from Nova Capital. They facilitated the transaction between the involved parties for the retail property situated at 4100 Central Ave.
Players
Riverside Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.93%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93