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Lehi Property Development LLC Acquires Development Site At 3231 Oceanside Boulevard For $18M
SOLD
California
See Similar DealsDevelopment Site
Sold 03/07/2025
SOLD
Lehi Property Development LLC Acquires Development Site At 3231 Oceanside Boulevard For $18M
3231 Oceanside Boulevard
See Similar DealsDevelopment Site
Sold 03/07/2025
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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