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:
- Property Type: Self Storage
- Transaction Amount: $3,000,000.00
- Loan Date: 06/02/2023
- Market: Indianapolis
- Lender: RRA Capital
- Broker: Matt Weilgus
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
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