RRA Capital Provides $2.25M Loan For Industrial Asset At 4051 Fondorf Dr. In Columbus
4051 Fondorf Dr.
$2,250,000
$23/SF
Building Size
95,221 SF
Asset Type
Industrial
Closing
Jan 22, 2019
AI
The property asset involved in this transaction is an industrial asset located at 4051 Fondorf Dr. in the Columbus market. The loan amount secured for this property is $2,250,000.00, indicating a significant investment in this industrial space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,250,000.00
- Address: 4051 Fondorf Dr.
- Market: Columbus
- Lender: RRA Capital
- Brokers: Ryan Horowitz, Cooper Horowitz
This transaction features key individuals and companies that are essential to the deal. The lending institution for this transaction is RRA Capital, while the brokerage services are being represented by Ryan Horowitz from Cooper Horowitz, facilitating the loan arrangement for this industrial property.
Players
Columbus Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93