Lehi Property Development LLC Acquires Development Site At 3231 Oceanside Boulevard For $18M
3231 Oceanside Boulevard
$18,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 7, 2025
AI
The property asset involved in this transaction is a development site located at 3231 Oceanside Boulevard in the Oceanside market. The site was purchased for a total amount of $18,000,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,000,000.00
- Address: 3231 Oceanside Boulevard
- Market: Oceanside
- Buyer: Lehi Property Development LLC
- Brokers: Hunter Rowe (CBRE), Camille Doan (CBRE), Matthew (Matt) Carlson (CBRE), Will Pike (CBRE), Michael (Mike) Longo (CBRE), Barbara (Emmons) Perrier (CBRE), Joe Cesta (CBRE)
The deal was facilitated by a team of brokers from CBRE, highlighting their involvement in the transaction process. Hunter Rowe, Camille Doan, Matthew Carlson, Will Pike, Michael Longo, Barbara Perrier, and Joe Cesta all represented the parties in this transaction.
Players
Oceanside 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93