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150 Cortona Way, Brentwood,...

Cogir Acquires Special Purpose Property In Brentwood From Northestern Mutual For $39.2M
SOLD

Cogir Acquires Special Purpose Property In Brentwood From Northestern Mutual For $39.2M

150 Cortona Way, Brentwood, California 94513, United States

$39,200,000

Building Size

Asset Type

Closing

May 31, 2022

AI

The special purpose property located at 150 Cortona Way in Brentwood was recently sold in a transaction. The sale took place on 06/01/2022 between the buyer, Cogir, and the seller, Northwestern Mutual. The property was listed on the market with the assistance of Charles Bissell and Dean Ferris from JLL Capital Markets. The transaction was valued at $39,200,000.

Summary of transaction details

  • Property Type: Special Purpose
  • Transaction Amount: $39,200,000
  • Address: 150 Cortona Way
  • Market: Brentwood

Charles Bissell and Dean Ferris from JLL Capital Markets represented the buyer, Cogir, in the sale of the property. Their expertise and negotiation skills played a key role in the successful completion of the transaction.

Players

Dean Ferris

JLL

Broker

$97.2M

vol

3 deals

Broker
Northwestern Mutual
Northwestern Mutual Seller
Northwestern Mutual
Northwestern Mutual Lender

Brentwood CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93