Mark & Barbara Beck Sell Development Site In La Selva Beach For $10.5M With Buyer's Rep DEAL Real Estate Services
$10,500,000
$979/SF
Building Size
10,721 SF
Asset Type
Development Site
Closing
Jun 16, 2026
AI
The property involved in this transaction is a development site located in La Selva Beach, CA. The asset sold for a price of $10,500,000 and encompasses a total square footage of 10,721, resulting in a price per square foot of $979. The asset consists of one unit.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Square Footage: 10,721
- Price per Square Foot: $979
- Units: 1
- Seller: Mark & Barbara Beck
- Buyer's Representatives: Awne Elrabadi, Rosie Poliquin & Brie Miller - DEAL Real Estate Services
DEAL Real Estate Services, a boutique brokerage located in Silicon Valley, California, successfully facilitated this transaction. The team, led by Rosie Poliquin, along with Awne Elrabadi and Brie Miller, provided a high-level client experience throughout the acquisition process, ensuring that clients received exceptional support at each stage of the deal.
Players
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93