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707 Spence Ln.

RRA Capital Provides $5,265,000 Loan For Industrial Asset At 707 Spence Ln In Nashville
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:

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

Ryan Horowitz

Cooper Horowitz

Broker

$309.7M

vol

12 deals

Broker
RRA Capital
RRA CapitalLender

Nashville 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

3.01%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93