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3231 Oceanside Boulevard

Lehi Property Development LLC Acquires Development Site At 3231 Oceanside Boulevard For $18M
SOLDDevelopment Site

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

Michael Longo

CBRE

Broker

$1.9B

vol

32 deals

Broker

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