RRA Capital Provides $7.7M Loan For Industrial Asset In Waycross At 3450 Simmons Dr
3450 Simmons Dr.
$7,700,000
$59/SF
Building Size
129,602 SF
Asset Type
Industrial
Closing
May 9, 2024
AI
The transaction involved an industrial property located at 3450 Simmons Dr. in Waycross. The loan amount for this property was $7,700,000.00, facilitated by RRA Capital. No additional details related to the physical characteristics of the property were provided.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,700,000.00
- Loan Date: 05/09/2024
- Address: 3450 Simmons Dr.
- Market: Waycross
- Lender: RRA Capital
- Brokers: Dan Rosenberg
The transaction was brokered by Dan Rosenberg, acting on behalf of the involved parties to facilitate the loan process. RRA Capital served as the lender for this transaction, providing financial backing for the deal.
Players
Waycross 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93