Golcheh Developments Acquires Development Site In Tustin For $1.8M
SOLD
$1,800,000
California
See Similar DealsDevelopment Site1,189 SF
Sold 11/30/2018
SOLD
Golcheh Developments Acquires Development Site In Tustin For $1.8M
16801 East McFadden Avenue, Tustin, CA, USA
See Similar DealsDevelopment Site1,189 SF
Sold 11/30/2018
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$1,513
Total Square Footage:1,189 SF
Transaction Type:Sale
A development site located at 16801 E. McFadden Ave in Tustin has been sold for $1,800,000 on November 30, 2018. The property, with a building size of 29,621 square feet, was purchased by Golcheh Developments & Investments from the seller, Goldenwest Diamond Corp. The deal was facilitated by Eric Cohen from an unspecified agency.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Address: 16801 E. McFadden Ave, Tustin
- Market: Tustin
- Built-Up Area: 29,621 square feet
- Price Per Square Foot: $60
Leading the deal was Eric Cohen, representing Golcheh Developments & Investments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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