Updated Oct 29, 2024
Regency Park Senior Living, Inc. Acquires Development Deal In Pasadena From Erica Ephedra, LLC For $12.5M
213 South Euclid Avenue, Pasadena, CA 91101, USA
$12,500,000
$220/SF
Building Size
56,696 SF
Asset Type
Development Site
Closing
Oct 2, 2018
About this deal
AI
The property involved in this closed transaction is a development deal located at 213-279 S. Euclid Ave in Pasadena, Los Angeles. The transaction took place on October 3, 2018. The property spans a total area of 56,696 square feet. The selling price for this property was $12,500,000, equating to a price per square foot of $220.47.
Summary of transaction details:
- Property Type: Development Deal
- Transaction Amount: $12,500,000
- Address: 213-279 S. Euclid Ave, Pasadena, Los Angeles
- Date: October 3, 2018
- Market: Pasadena
- City: Los Angeles
- Square Footage: 56,696
- Price per Square Foot: $220.47
The seller of this property was Erica Ephedra, LLC. On the other hand, the buyer was Regency Park Senior Living, Inc.
Pasadena Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93