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4051 Fondorf Dr.

RRA Capital Provides $2.25M Loan For Industrial Asset At 4051 Fondorf Dr. In Columbus
FINANCEDIndustrial

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:

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

Ryan Horowitz

Cooper Horowitz

Broker

$309.7M

vol

12 deals

Broker
RRA Capital
RRA CapitalLender

Columbus Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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