SOLD
SummerHill Homes Acquires 31 Acres Of Land In San Ramon For $108M
2600 Camino Ramon, San Ramon, California 94583, United States
$108,000,000
Building Size
—
Asset Type
—
Closing
Jan 13, 2022
AI
The property involved in this transaction is a land located at 2600 Camino Ramon in San Ramon. The land spans approximately 31 acres. The sale of this property took place on January 13, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $108,000,000
- Address: 2600 Camino Ramon
- Market: San Ramon
- Buyer: SummerHill Homes - Alexander Mehran Sr. & Alexander Mehran Jr.
- Seller: Sunset Development
The buyer of the property is SummerHill Homes represented by Alexander Mehran Sr. & Alexander Mehran Jr. The seller is Sunset Development.
Players
San Ramon 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93