Updated Sep 9, 2024
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
About this deal
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.
The development site sale at 150 South Oak Knoll Avenue, Pasadena, CA, USA in Pasadena, California sold for $4M in 2020. 150 South Oak Knoll Avenue, Pasadena, CA, USA is classified as Development Site on Traded. Steve Chang, Casey Picard, Chang Investment Group, Aggregate Investment Partners appear on the sale alongside Chang Investment Group, Aggregate Investment Partners. This page is the Pasadena, California file for the 150 South Oak Knoll Avenue, Pasadena, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Pasadena sit in the Market section below. Filter that Pasadena development site set by closing date to see what else sold near 150 South Oak Knoll Avenue, Pasadena, CA, USA around 2020. Published consideration for 150 South Oak Knoll Avenue, Pasadena, CA, USA is $4M, dated 2020. Cite this Casey Picard & Steve Chang Broker Development Site Sale In Playhouse District For $4.01M sale when underwriting similar development site product around Pasadena, California.
Players
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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