RRA Capital Provides $2.29M Loan For School At 1140 W Campbell Road In Richardson
1140 W Campbell Road
$2,290,000
$18/SF
Building Size
122,800 SF
Asset Type
School
Closing
May 9, 2023
About this deal
AI
The property involved in this transaction is a school located at 1140 W Campbell Road in the Richardson market. The asset type is categorized as educational, and the loan amount secured is $2,290,000.00.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $2,290,000.00
- Address: 1140 W Campbell Road
- Market: Richardson
- Lender: RRA Capital
- Broker: Kevan McCormack - Marcus & Millichap
Kevan McCormack from Marcus & Millichap represented the transaction, facilitating the loan with RRA Capital for the educational asset mentioned above.
Players
Richardson School Market Snapshot
Boundary boundary · School · Loan transactions
Loading comparables…
Deal FAQ
Visit Kevan McCormack to view all their deals.
Browse Richardson school loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.93%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93