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Berg Family Acquires Mixed-Use Property In Clear Lake Oaks For $7.2M

Property Image
SOLD
$7,200,000

California

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Mixed-use988,110 SF
Sold 06/17/2020
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Property Image
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 Deals
Mixed-use988,110 SF
Sold 06/17/2020
Contact now

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

Tom de Jong
6 deals$62.7M volume
BROKER

Details

SOLD
IMAGE: Tom de Jong DATE: 06/17/2020 ADDRESS: 13300 State Hwy 20 MARKET: Clear Lake Oaks ASSET TYPE: Mixed-use PRICE: $7,200,000 SF: 98,811 PPSF: $72 BUYER: Berg Family SELLER: Crystal View Capital BROKER: Tom de Jong – Colliers International

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
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