Updated Sep 14, 2026
RRA Capital Provides $11.21 Million Loan For Industrial Property In Pinellas Park
3705 62nd Ave N & 1871 Massaro Blvd
$11,212,500
$182/SF
Building Size
30,705 SF
Asset Type
Industrial
Closing
Dec 22, 2022
About this deal
AI
The property involved in the transaction is an industrial asset located at 3705 62nd Ave N in Pinellas Park. The loan amount secured for this asset is $11,212,500.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,212,500.00
- Lender: RRA Capital
- Brokers: Max Kra, Ackman-Ziff
Max Kra from Ackman-Ziff represents the brokerage in this transaction, facilitating the loan process with RRA Capital for the industrial asset situated in the Pinellas Park market.
The industrial loan at 3705 62nd Ave N in Pinellas Park, Florida financed for $11.2M in 2022. The building is 61,410 square feet, implying about 182 per square foot on the published price. Named participants on the 3705 62nd Ave N loan are Max Kra. This page is the Pinellas Park, Florida file for the 3705 62nd Ave N industrial financed: pricing, party profiles, and other closed industrial comps from the same Pinellas Park sit in the Market section below. Filter that Pinellas Park industrial set by closing date to see what else financed near 3705 62nd Ave N around 2022. Published consideration for 3705 62nd Ave N is $11.2M, dated 2022. Cite this RRA Capital Provides $11.21 Million Loan For Industrial Property In Pinellas Park loan when underwriting similar industrial product around Pinellas Park, Florida.
On the Map
$11,212,500
$182/SF
Industrial
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Players
Pinellas Park 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93