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:
- 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.
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