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1908 Stout Field W Dr

RRA Capital Provides $6.86M Loan For Industrial Asset In Indianapolis
FINANCEDIndustrial

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

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:

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.

Players

Samuel Godfrey

JLL

Broker

$806.5M

vol

5 deals

Broker
RRA Capital
RRA CapitalLender

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