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6322 6328 Mission Blvd.

RRA Capital Provides $2.625M Loan For Retail Asset At 6322 6328 Mission Blvd In Philo
FINANCEDRetail

RRA Capital Provides $2.625M Loan For Retail Asset At 6322 6328 Mission Blvd In Philo

6322 6328 Mission Blvd.

$2,625,000

$18/SF

Building Size

141,185 SF

Asset Type

Retail

Closing

Dec 17, 2020

AI

The asset involved in this transaction is a retail property located at 6322 6328 Mission Blvd. in Philo. The transaction was facilitated with a loan amounting to $2,625,000.00.

Summary of transaction details:

The transaction saw Jonathan Hakakha representing the interests of the broker involved. RRA Capital served as the lender in this closed property transaction.

Players

Jonathan Hakakha

Quantum Capital Partners

Broker

$25.1M

vol

4 deals

Broker
RRA Capital
RRA CapitalLender

Philo 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

6.04%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93