RRA Capital Provides $2,435,000 Loan For Retail Asset At 5000 Smithridge Dr. In Reno
5000 Smithridge Dr.
$2,435,000
$36/SF
Building Size
66,000 SF
Asset Type
Retail
Closing
Jan 30, 2019
AI
The property asset involved in this transaction is a retail asset located at 5000 Smithridge Dr., Reno. The loan amount for this property transaction is $2,435,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,435,000.00
- Loan Date: 01/30/2019
- Lender: RRA Capital
- Broker: Darren Hill
Key individuals involved in the deal include Darren Hill, acting as the broker representative in this transaction, and RRA Capital, which provided the loan for this retail asset. The involvement of these entities highlights the collaboration required in facilitating such transactions.
Players
Reno 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
6.51%
Cash-on-Cash
-1.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93