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2255 Melon Road, Holtville,...

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
SOLDDevelopment Site

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.

Players

Matthew Davis

Cushman & Wakefield

Broker

$62.4M

vol

8 deals

Broker

Holtville Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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