Updated Oct 29, 2024
Simon James Acquires Development Site On Moreno Avenue In Brentwood For $5.27M
634 Moreno Avenue
$5,271,000
Building Size
—
Asset Type
Development Site
Closing
Feb 28, 2023
About this deal
AI
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.
On the Map
$5,271,000
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93