RRA Capital Provides $6,645,125 Loan For Retail Property At 525 W. Craig Rd. In Las Vegas
525 W. Craig Rd.
$6,645,125
$87/SF
Building Size
76,285 SF
Asset Type
Retail
Closing
Dec 20, 2013
About this deal
AI
The asset involved in the transaction is a retail property located at 525 W. Craig Rd., situated in the Las Vegas market. The loan amount secured for this property is $6,645,125.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,645,125.00
- Loan Date: 12/20/2013
- Lender: RRA Capital
- Broker: John Chun (JLL)
Key individuals in this transaction include John Chun, representing JLL, who facilitated the loan agreement with RRA Capital for the aforementioned retail property.
The retail loan at 525 W. Craig Rd. in Las Vegas, Nevada financed for $6.6M in 2013. The building is 76,285 square feet, implying about 87 per square foot on the published price. John Chun, JLL appear on the loan alongside JLL. This page is the Las Vegas, Nevada file for the 525 W. Craig Rd. retail financed: pricing, party profiles, and other closed retail comps from the same Las Vegas sit in the Market section below. Filter that Las Vegas retail set by closing date to see what else financed near 525 W. Craig Rd. around 2013. Published consideration for 525 W. Craig Rd. is $6.6M, dated 2013. Cite this RRA Capital Provides $6,645,125 Loan For Retail Property At 525 W. Craig Rd. In Las Vegas loan when underwriting similar retail product around Las Vegas, Nevada.
On the Map
$6,645,125
$87/SF
Retail
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Las Vegas Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93