Updated Oct 15, 2026
RRA Capital Provides $5.5 Million Loan For Industrial Property In Portland At 2703 N. Hayden Island Dr
2703 N. Hayden Island Dr
$5,500,000
$48/SF
Building Size
113,866 SF
Asset Type
Industrial
Closing
Dec 30, 2015
About this deal
AI
The property asset involved in this transaction is located at 2703 N. Hayden Island Dr, Portland, and is classified as an industrial property. The total loan amount for this transaction is $5,500,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,500,000.00
- Address: 2703 N. Hayden Island Dr
- Market: Portland
- Lender: RRA Capital
- Brokers: Michael Anderson-Mitterling
The loan for the industrial property was facilitated by RRA Capital, while the brokerage services were provided by Michael Anderson-Mitterling, representing the involved parties in this agreement.
On the Map
$5,500,000
$48/SF
Industrial
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Players
Portland 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93