Updated Oct 29, 2024
Loctek Inc. Acquires Development Site In Apple Valley For $25M
$25,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 15, 2023
About this deal
AI
Loctek Inc. has acquired a development site in Apple Valley, CA for a sale price of $25,000,000. The property is located in a prime market and offers potential for future development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $25,000,000
- Buyer: Loctek Inc.
- Seller: Arch Anchor
- Seller's Representatives: Yashaar Amin, John Pomer, Ben Gott
- Seller's Broker: Richard Schwartz - Colliers
- Date: 08/15/2023
- Market: Apple Valley, CA
The transaction was facilitated by Yashaar Amin, John Pomer, Ben Gott as representatives of Arch Anchor. Richard Schwartz from Colliers acted as the seller's broker in the deal. The sale price of $25,000,000 reflects the value of the development site in this market.
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Market 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93