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1320 1560 E Lincoln Way

$16.78M Loan Secured By RRA Capital For Retail Asset In Sparks At 1320 1560 E Lincoln Way
FINANCEDRetail

$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:

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

Anthony Longo

Alpha Capital

Broker

$954.8M

vol

32 deals

Broker
RRA Capital
RRA CapitalLender

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