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5000 Smithridge Dr.

RRA Capital Provides $2,435,000 Loan For Retail Asset At 5000 Smithridge Dr. In Reno
FINANCEDRetail

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:

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

Darren Hill

Capital Real Estate Advisors

Broker

1 deal

Broker
RRA Capital
RRA CapitalLender

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