SOLDDevelopment Site
Casey Picard & Steve Chang Broker Development Site Sale In Playhouse District For $4.01M
150 South Oak Knoll Avenue, Pasadena, CA, USA
$4,010,000
Building Size
—
Asset Type
Development Site
Closing
Feb 20, 2020
AI
A development site in the Playhouse District has been sold for $4,010,000. Located at 139 and 150 S. Oak Knoll Ave, the property spans across 18,517 square feet. The sale price translates to a price per square foot of $216.56.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,010,000
- Address: 139 and 150 S. Oak Knoll Ave
- Market: Playhouse District
- BSF: 18,517
- PPBSF: $216.56
The deal was facilitated by brokers Casey Picard and Steve Chang.
Players
Pasadena Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.96%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93