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2100 Old Hickory Tree Rd.

RRA Capital Provides $3,965,000 Loan For Industrial Property At 2100 Old Hickory Tree Rd
FINANCEDIndustrial

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:

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

Richard Sutton

Parallel CRE

Broker

$694.8M

vol

13 deals

Broker
RRA Capital
RRA CapitalLender

Saint Cloud Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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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