Updated Feb 4, 2025
RRA Capital Provides $3.6 Million Loan For Industrial Asset At 7850 Foundation Dr
7850 Foundation Dr.
$3,600,000
Building Size
—
Asset Type
Industrial
Closing
Jun 22, 2018
About this deal
AI
The asset involved in this transaction is an industrial property located at 7850 Foundation Dr., situated in the Florence market. The loan amount for this property is $3,600,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,600,000.00
- Lender: RRA Capital
- Broker: Duke Dennis - Marcus & Millichap
- Loan Date: 06/22/2018
The transaction features representation by Duke Dennis from Marcus & Millichap, who plays a key role in facilitating the loan process for this industrial asset. The financial arrangement was orchestrated with RRA Capital acting as the lender in this deal.
On the Map
$3,600,000
Industrial
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Players
Florence 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93