facebook
Traded Co logo
Submit

Back Bay Investment Group Acquires Development Site In Westminster For $2.6M

Property Image
SOLD
$2,600,000

California

See Similar Deals
Development Site
Sold 11/30/2022
the dealdetailscomps
Property Image
SOLD

Back Bay Investment Group Acquires Development Site In Westminster For $2.6M

6260 Westminster Boulevard

See Similar Deals
Development Site
Sold 11/30/2022
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale

A development site located at 6260 Westminster Blvd in Westminster has been sold for $2,600,000. The property is a prime location for potential development opportunities.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $2,600,000
  • Address: 6260 Westminster Blvd, Westminster
  • Market: Westminster

The buyer, Back Bay Investment Group represented by David Lipp, acquired the property from the seller, Lopez Family Trust. Back Bay Investment Group identified the potential for development at this location and saw great value in the property.

Details

SOLD
IMAGE: David Lipp DATE: 11/30/2022 ADDRESS: 6260 Westminster Blvd MARKET: Westminster ASSET TYPE: Development Site BUYER: Back Bay Investment Group - David Lipp SELLER: Lopez Family Trust SALE PRICE: $2,600,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92