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3100 Breckinridge Blvd

RRA Capital Provides $11.61M Loan For Office Asset At 3100 Breckinridge Blvd In Duluth
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.

Players

C.J. Kelly

JLL

Broker

$125M

vol

4 deals

Broker
RRA Capital
RRA CapitalLender
TerraCap Management
TerraCap ManagementLandlord

Duluth Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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