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
SOLD
$4,200,000
California
See Similar DealsDevelopment Site
Sold 08/12/2022
SOLD
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
See Similar DealsDevelopment Site
Sold 08/12/2022
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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