RRA Capital Provides $5.22M Loan For Office Asset At 3200 Breckinridge Blvd Duluth
3200 Breckinridge Blvd.
$5,218,396
$57/SF
Building Size
91,326 SF
Asset Type
Office
Closing
Nov 16, 2015
About this deal
AI
The asset involved in this transaction is an office property located at 3200 Breckinridge Blvd. in the Duluth market. The loan amount secured for this property is $5,218,396.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,218,396.00
- Loan Date: 11/16/2015
- Lender: RRA Capital
- Brokers: Jeremy Nussbaum - Walker & Dunlop
This transaction involves Jeremy Nussbaum representing Walker & Dunlop, acting as the broker in the loan arrangement for the office property. The lender facilitating the transaction is RRA Capital.
Players
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
3.04%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93