Updated Oct 29, 2024
SOLDLand
Saianvi Investments Acquires 1.25 Acre Land In San Marcos For $5.8M
263 East Carmel Street
$5,800,000
Building Size
—
Asset Type
Land
Closing
Jan 10, 2023
About this deal
AI
The property involved in this closed transaction is a 1.25-acre land located at 263-285 E Carmel St in San Marcos. The sale took place on January 10, 2023.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,800,000
- Address: 263-285 E Carmel St, San Marcos
- Market: San Marcos
- Buyer: Saianvi Investments
- Seller: Carmel Z LLC & Curlan Ltd
- Brokers: Marc Frederick & Reg Kobzi - CBRE
The buyer, Saianvi Investments, acquired the 1.25-acre land from Carmel Z LLC & Curlan Ltd. The transaction was facilitated by the brokers Marc Frederick & Reg Kobzi from CBRE.
San Marcos Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93