Simon James Acquires Development Site On Moreno Avenue In Brentwood For $5.27M
SOLD
$5,271,000
California
See Similar DealsDevelopment Site
Sold 02/28/2023
SOLD
Simon James Acquires Development Site On Moreno Avenue In Brentwood For $5.27M
634 Moreno Avenue
See Similar DealsDevelopment Site
Sold 02/28/2023
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
A development site located at 634 Moreno Avenue in Brentwood has been sold for a price of $5,271,000. The property is a development site, offering potential for future construction and expansion. The transaction was completed on 02/28/2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,271,000
- Address: 634 Moreno Avenue
- Market: Brentwood
The buyer in this transaction is Simon James, while the seller is the Stephen Gibson Trust. Representing both parties in the deal was Derrick J. Smith from Coldwell Banker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$281,119.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,726.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,987.23
Annual Debt Service$299,846.75
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