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4355 W Reno Ave

RRA Capital Provides $3,394,000 Loan For Industrial Asset At 4355 W Reno Ave Las Vegas
FINANCEDIndustrial

RRA Capital Provides $3,394,000 Loan For Industrial Asset At 4355 W Reno Ave Las Vegas

4355 W Reno Ave & 4375 W Reno Ave

$3,394,000

$199/SF

Building Size

17,000 SF

Asset Type

Industrial

Closing

Oct 21, 2021

AI

The asset involved in this transaction is an industrial property located at 4355 W Reno Ave in the Las Vegas market. The loan amount for this property transaction was $3,394,000.00.

Summary of transaction details:

Bill Chiles acted as the broker in this transaction, representing the interests involved in the loan secured for the property. The transaction was completed on 10/21/2021.

Players

Bill Chiles

CBRE

Broker

$22.4M

vol

2 deals

Broker
RRA Capital
RRA CapitalLender
Intersection
IntersectionLandlord

Las Vegas 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

4.67%

Cash-on-Cash

-1.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93