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6501 Nw 37th Ave.

RRA Capital Provides $4.94M Loan For Industrial Property At 6501 Nw 37th Ave Miami
FINANCEDIndustrial

RRA Capital Provides $4.94M Loan For Industrial Property At 6501 Nw 37th Ave Miami

6501 Nw 37th Ave.

$4,940,000

Building Size

Asset Type

Industrial

Closing

Apr 16, 2020

AI

The asset involved in this transaction is an industrial property located at 6501 NW 37th Ave, Miami. A loan amount of $4,940,000.00 was secured for this transaction. The specifics of the property type categorize it within the industrial market segment.

Summary of transaction details:

In this transaction, the representatives and entities involved include Mackenzie Fry of CBRE, who acted as the broker in the deal. The lending institution for the loan provided was RRA Capital, indicating their role in financing this industrial property transaction.

Players

Mackenzie Fry

CBRE

Broker

$76.7M

vol

7 deals

Broker
RRA Capital
RRA CapitalLender

Miami 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

3.21%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93