FINANCEDOffice
$5.575M Acquisition Loan Secured For Office Asset At 1810 Murchison Drive In El Paso
1810 Murchison Drive
$5,575,000
$5,575,000/SF
Building Size
1 SF
Asset Type
Office
Closing
Oct 28, 2024
AI
The property asset involved in the transaction is an office located at 1810 Murchison Drive in the El Paso market. The deal includes a loan amount of $5,575,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,575,000
- Address: 1810 Murchison Drive
- Market: El Paso
- Loan Type: Acquisition
The key individuals involved in this transaction are Scott Miller, Eliezer Finkel, and Rael Gervis, all of whom represent Meridian Capital Group in this deal.
Players
El Paso Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93