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1810 Murchison Drive

$5.575M Acquisition Loan Secured For Office Asset At 1810 Murchison Drive In El Paso
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

Rael Gervis

Meridian Capital Group

Broker

$1.2B

vol

23 deals

Broker

El Paso Office Market Snapshot

Boundary boundary · Office · Loan transactions

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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