RRA Capital Provides $3,965,000 Loan For Industrial Property At 2100 Old Hickory Tree Rd
2100 Old Hickory Tree Rd.
$3,965,000
Building Size
—
Asset Type
Industrial
Closing
Oct 15, 2024
AI
The asset involved in this transaction is an industrial property located at 2100 Old Hickory Tree Rd., situated in the Saint Cloud market. The loan amount associated with this transaction is $3,965,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,965,000.00
- Address: 2100 Old Hickory Tree Rd.
- Market: Saint Cloud
- Lender: RRA Capital
- Brokers: Richard Sutton - Parallel CRE
This transaction involved key individuals and companies including Richard Sutton of Parallel CRE, who represented the transaction. The lending institution for the deal was RRA Capital.
Players
Saint Cloud Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.00%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93