Sonny Uppal Facilitates $3.45M Sale Of Development Site In Turlock, CA
SOLD
$3,450,000
California
See Similar DealsDevelopment Site
Sold 10/18/2023
SOLD
Sonny Uppal Facilitates $3.45M Sale Of Development Site In Turlock, CA
101 West Taylor Road & 103 West Taylor Road
See Similar DealsDevelopment Site
Sold 10/18/2023
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
The development site located at 101-103 West Taylor Road in Turlock, CA has been sold for a price of $3,450,000. The property offers a prime opportunity for development and is situated in a desirable location in Turlock.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,450,000
- Address: 101-103 West Taylor Road, Turlock, CA
- Market: Turlock, CA
- Seller: Michael O. Reed
- Seller's Representative: Sonny Uppal - Lifestyle Land
Sonny Uppal from Lifestyle Land represented the seller, Michael O. Reed, in this transaction. The sale of the development site marks an important milestone for both the seller and the buyer, providing an opportunity to capitalize on the property's potential.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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