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1159 Mt. Zion Rd.

RRA Capital Provides $3.23M Loan For Industrial Property At 1159 Mt. Zion Rd In Morrow
FINANCEDIndustrial

RRA Capital Provides $3.23M Loan For Industrial Property At 1159 Mt. Zion Rd In Morrow

1159 Mt. Zion Rd.

$3,230,000

$136/SF

Building Size

23,692 SF

Asset Type

Industrial

Closing

May 9, 2019

AI

The property asset involved in this transaction is an industrial asset located at 1159 Mt. Zion Rd. in the Morrow market. The transaction was secured through a loan amounting to $3,230,000.00.

Summary of transaction details:

This transaction highlights the role of Cliff Joyner from CBRE, who acted as the broker in facilitating the deal. RRA Capital served as the lender providing the loan necessary for this transaction.

Players

Cliff Joyner

CBRE

Broker

$83.2M

vol

2 deals

Broker
RRA Capital
RRA CapitalLender

Morrow 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

4.91%

Cash-on-Cash

-1.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93