Berg Family Acquires Mixed-Use Property In Clear Lake Oaks For $7.2M
SOLD
$7,200,000
California
See Similar DealsMixed-use988,110 SF
Sold 06/17/2020
SOLD
Berg Family Acquires Mixed-Use Property In Clear Lake Oaks For $7.2M
13300 State Hwy 20, Clearlake Oaks, CA 95423, USA
See Similar DealsMixed-use988,110 SF
Sold 06/17/2020
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$7
Total Square Footage:988,110 SF
Transaction Type:Sale
The mixed-use property located at 13300 State Hwy 20 in Clear Lake Oaks has been sold for $7,200,000. The property spans across 98,811 square feet and has a price per square foot of $72.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,200,000
- Address: 13300 State Hwy 20, Clear Lake Oaks
- Market: Clear Lake Oaks
- Square Footage: 98,811
- Price Per Square Foot: $72
The buyer in this transaction is the Berg Family, while the seller is Crystal View Capital. The brokerage involved in the deal is Colliers International, with Tom de Jong representing the buyer.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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