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890 North Mcdowell Boulevar...

Updated Oct 29, 2024

Danco Builders Acquires 6.56-Acre Land In Petaluma From Nancy & Todd Kurtin For $10.6M
SOLD

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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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

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