Updated Feb 4, 2025
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
About this deal
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.
The industrial loan at 707 Spence Ln. in Nashville, Tennessee financed for $5.3M in 2019. The building is 69,596 square feet, implying about 75 per square foot on the published price. Ryan Horowitz, Cooper Horowitz appear on the loan alongside Cooper Horowitz. This page is the Nashville, Tennessee file for the 707 Spence Ln. industrial financed: pricing, party profiles, and other closed industrial comps from the same Nashville sit in the Market section below. Filter that Nashville industrial set by closing date to see what else financed near 707 Spence Ln. around 2019. Published consideration for 707 Spence Ln. is $5.3M, dated 2019. Cite this RRA Capital Provides $5,265,000 Loan For Industrial Asset At 707 Spence Ln In Nashville loan when underwriting similar industrial product around Nashville, Tennessee.
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