RRA Capital Provides $7.35M Loan For Retail Asset At 3347 E Russell Rd Las Vegas
3347 E Russell Rd.
$7,350,000
$64/SF
Building Size
114,776 SF
Asset Type
Retail
Closing
Aug 22, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 3347 E Russell Rd., Las Vegas. The total loan amount secured for this asset is $7,350,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,350,000.00
- Address: 3347 E Russell Rd.
- Market: Las Vegas
- Lender: RRA Capital
- Brokers: Nick Rogers
This transaction involved RRA Capital as the lender providing the financing, with Nick Rogers representing the interests of the deal. The deal highlights the collaborative effort in securing the loan for the retail asset in a competitive market.
On the Map
$7,350,000
$64/SF
Retail
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Players
Las Vegas 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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93