$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
About this deal
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.
The office loan at 1810 Murchison Drive in El Paso, Texas financed for $5.6M in 2024. The building is 1 square feet, implying about 5.6M per square foot on the published price. Eliezer Finkel, Scott Miller, Rael Gervis, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the El Paso, Texas file for the 1810 Murchison Drive office financed: pricing, party profiles, and other closed office comps from the same El Paso sit in the Market section below. Filter that El Paso office set by closing date to see what else financed near 1810 Murchison Drive around 2024. Published consideration for 1810 Murchison Drive is $5.6M, dated 2024. Cite this $5.575M Acquisition Loan Secured For Office Asset At 1810 Murchison Drive In El Paso loan when underwriting similar office product around El Paso, Texas.
Players
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