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13300 State Hwy 20, Clearla...

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

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

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.

Players

Tom de Jong

Colliers

Broker

$62.7M

vol

6 deals

Broker

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