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675 E Washington St.

RRA Capital Provides $3 Million Loan For Self Storage Facility In Indianapolis
FINANCEDSelf Storage

RRA Capital Provides $3 Million Loan For Self Storage Facility In Indianapolis

675 E Washington St.

$3,000,000

Building Size

Asset Type

Self Storage

Closing

Jun 2, 2023

AI

The asset involved in the transaction is a self-storage facility located at 675 E Washington St. in Indianapolis. The loan amount secured for this property is $3,000,000.00.

Summary of transaction details:

This transaction involved key individuals and companies, with Matt Weilgus acting as the broker representative for the self-storage facility deal. The lending was facilitated by RRA Capital, which provided the loan to support the acquisition of the property.

Players

Matt Weilgus

Mag Mile Capital

Broker

1 deal

Broker
RRA Capital
RRA CapitalLender

Indianapolis Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93