Updated Feb 4, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $4,940,000.00
- Address: 6501 NW 37th Ave.
- Market: Miami
- Lender: RRA Capital
- Broker: Mackenzie Fry, CBRE
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.
On the Map
$4,940,000
Industrial
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Players
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