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7850 Foundation Dr.

RRA Capital Provides $3.6 Million Loan For Industrial Asset At 7850 Foundation Dr
FINANCEDIndustrial

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

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:

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.

Players

Duke Dennis

Marcus & Millichap

Broker

$67.8M

vol

8 deals

Broker
RRA Capital
RRA CapitalLender

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