Golcheh Developments Acquires Development Site In Tustin For $1.8M
16801 East McFadden Avenue, Tustin, CA, USA
$1,800,000
$1,513/SF
Building Size
1,189 SF
Asset Type
Development Site
Closing
Nov 29, 2018
AI
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.
Players
Tustin 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93