Updated Oct 29, 2024
Danco Builders Acquires 6.56-Acre Land In Petaluma From Nancy & Todd Kurtin For $10.6M
890 North Mcdowell Boulevard, Petaluma, California 94954, United States
$10,600,000
Building Size
—
Asset Type
—
Closing
Jan 19, 2023
About this deal
AI
Located in Petaluma, the property at 890 North McDowell Boulevard has recently been sold. Spanning across 6.56 acres, this land parcel was acquired by Danco Builders for a total price of $10,600,000. The transaction took place on January 19, 2023. The sellers in this deal were Nancy & Todd Kurtin. The sale was facilitated by the representative of Danco Builders, Dan Johnson.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $10,600,000
- Address: 890 North McDowell Boulevard, Petaluma
- Market: Petaluma
- Acres: 6.56
Danco Builders, represented by Dan Johnson, made the purchase from Nancy & Todd Kurtin. The transaction showcases the ongoing real estate activity in the Petaluma market. With this acquisition, Danco Builders will have the opportunity to utilize the 6.56-acre land for their intended purposes. It is an exciting development for both the buyer and seller involved.
Players
Petaluma CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93