FINANCEDIndustrial
RRA Capital Provides $5,265,000 Loan For Industrial Asset At 707 Spence Ln In Nashville
707 Spence Ln.
$5,265,000
$75/SF
Building Size
69,596 SF
Asset Type
Industrial
Closing
Apr 30, 2019
AI
The asset involved in the transaction is an industrial property located at 707 Spence Ln., Nashville. The loan amount for this transaction is $5,265,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,265,000.00
- Loan Date: 04/30/2019
- Broker: Ryan Horowitz - Cooper Horowitz
- Lender: RRA Capital
The deal involves Ryan Horowitz representing the broker in this transaction while working with the lender, RRA Capital, to facilitate the loan process for the industrial asset.
Players
Nashville 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
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93