RRA Capital provided an investment in a state-of-the-art industrial property near Cincinnati, Ohio.

Designed with versatility in mind, the 64,000 square-foot facility offers 20ft clear heights, 3 drive-in doors and 8 overhead docks, catering to a diverse range of business needs. With the potential to accommodate up to 8 occupants, the property promises flexibility and an exciting mix of enterprises.

RRA Capital facilitated a non-recourse, interest-only loan amounting to $4,000,000 to support the project's development. With an initial 24-month term and two 6-month extension options, the loan offers valuable flexibility for the sponsor. Proceeds from the loan defrayed development costs, while a leasing holdback was incorporated to cover future leasing expenses. Additionally, an operating reserve bolsters the property's financial stability during its initial phases, instilling confidence in the project's success.

Located just three miles west of the Cincinnati/Northern Kentucky (CVG) International Airport, the property has unrivaled transportation connectivity. The proximity to CVG International Airport ensures efficient logistics and seamless access to global markets. The area's attractiveness is further amplified by Amazon's significant investment, with one of their facilities situated nearby. Notably, the completion of Amazon's 2.3 million square foot, $1 billion development at CVG promises over 2,000 jobs, driving growth in the local real estate market.

RRA Capital's innovative financing and support have laid the foundation for a thriving, dynamic, and future-ready industrial space in the Cincinnati MSA.

‍