Updated Feb 4, 2025
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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $2,625,000.00
- Loan Date: 12/17/2020
- Lender: RRA Capital
- Broker: Jonathan Hakakha, Quantum Capital Partners
The transaction saw Jonathan Hakakha representing the interests of the broker involved. RRA Capital served as the lender in this closed property transaction.
The retail loan at 6322 6328 Mission Blvd. in Philo, California financed for $2.6M in 2020. The building is 141,185 square feet, implying about 18 per square foot on the published price. Named participants on the 6322 6328 Mission Blvd. loan are Jonathan Hakakha. This page is the Philo, California file for the 6322 6328 Mission Blvd. retail financed: pricing, party profiles, and other closed retail comps from the same Philo sit in the Market section below. Filter that Philo retail set by closing date to see what else financed near 6322 6328 Mission Blvd. around 2020. Published consideration for 6322 6328 Mission Blvd. is $2.6M, dated 2020. Cite this RRA Capital Provides $2.625M Loan For Retail Asset At 6322 6328 Mission Blvd In Philo loan when underwriting similar retail product around Philo, California.
Players
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