Updated Feb 4, 2025
RRA Capital Provides $6.86M Loan For Industrial Asset In Indianapolis
1908 Stout Field W Dr & 1950 Stout Field W Dr
$6,860,000
Building Size
—
Asset Type
Industrial
Closing
Sep 1, 2023
About this deal
AI
The property asset involved in this transaction is located at 1908 Stout Field W Dr in Indianapolis. This industrial asset is part of the market focused on industrial properties, with a loan amount of $6,860,000.00 secured for the property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,860,000.00
- Address: 1908 Stout Field W Dr
- Market: Indianapolis
- Lender: RRA Capital
- Brokers: Samuel Godfrey - JLL
The key individuals and companies involved in the deal include broker Samuel Godfrey representing the interests related to this industrial asset through JLL, illustrating the professional support navigating this financial transaction. The lender for the loan was RRA Capital, which facilitated the funding necessary for this deal.
On the Map
$6,860,000
Industrial
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Players
Indianapolis 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
2.31%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93