$16.78M Loan Secured By RRA Capital For Retail Asset In Sparks At 1320 1560 E Lincoln Way
1320 1560 E Lincoln Way, 434 Sparks Blvd, 475 Sparks Blvd & 1415 Scheels Dr.
$16,775,000
$19/SF
Building Size
870,000 SF
Asset Type
Retail
Closing
May 24, 2024
AI
The asset involved in this transaction is a retail property located at 1320 1560 E Lincoln Way in Sparks. The loan amount secured for this property is $16,775,000.00, supporting the acquisition or refinancing of the asset within the retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,775,000.00
- Lender: RRA Capital
- Brokers: Anthony Longo - Alpha Capital
Key individuals involved in this transaction include Anthony Longo, representing Alpha Capital as the broker. RRA Capital acts as the lender for the loan associated with this retail property in the Sparks market.
Players
Sparks Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93