Updated Oct 29, 2024
Berg Family Acquires Mixed-Use Property In Clear Lake Oaks For $7.2M
13300 State Hwy 20, Clearlake Oaks, CA 95423, USA
$7,200,000
$7/SF
Building Size
988,110 SF
Asset Type
Mixed-use
Closing
Jun 16, 2020
About this deal
AI
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.
On the Map
$7,200,000
$7/SF
Mixed-use
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Players
Clearlake Oaks Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93