FINANCEDOffice
RRA Capital Provides $11.61M Loan For Office Asset At 3100 Breckinridge Blvd In Duluth
3100 Breckinridge Blvd
$11,613,000
$61/SF
Building Size
188,608 SF
Asset Type
Office
Closing
May 25, 2017
AI
The transaction involves an office asset located at 3100 Breckinridge Blvd in Duluth. The loan amount associated with this property is $11,613,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,613,000.00
- Market: Duluth
- Lender: RRA Capital
- Broker: C.J. Kelly - JLL
- Loan Date: 05/25/2017
C.J. Kelly, representing the lender RRA Capital, was instrumental in facilitating the loan transaction for the office property located at 3100 Breckinridge Blvd.
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Duluth Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93