JK Management Sells 21.3 Acre Development Site In Holtville, CA For $4.2M With Buyer's Rep Matt Davis, Melanie Haynes & Shannon Whitfield - National Land Advisory Group
2255 Melon Road, Holtville, California 92250, United States
$4,200,000
Building Size
—
Asset Type
Development Site
Closing
Aug 12, 2022
AI
Located at 2255 Melon Road in Holtville, CA, this development site spans across 21.3 acres. The property, being sold by JK Management, was recently sold for a price of $4,200,000. The sale was facilitated by brokers Matt Davis, Melanie Haynes, and Shannon Whitfield from the National Land Advisory Group at Cushman & Wakefield.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,200,000
- Address: 2255 Melon Road, Holtville, CA
- Market: Holtville, CA
- Asset Type: Development Site
- Size: 21.3 acres
- Seller: JK Management
- Brokers: Matt Davis, Melanie Haynes, and Shannon Whitfield - National Land Advisory Group - Cushman & Wakefield
The deal involved the collaboration of experienced brokers Matt Davis, Melanie Haynes, and Shannon Whitfield from the National Land Advisory Group at Cushman & Wakefield. They were instrumental in facilitating the successful sale of the development site on Melon Road in Holtville, CA. This transaction showcases their expertise in the real estate market.
Holtville 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93