Landmark Properties Acquires Mixed-Use Property In Downtown Berkeley For $27.7M
2190 Shattuck Avenue, Berkeley, California 94704, United States
$27,700,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 17, 2023
AI
Located in Downtown Berkeley, the mixed-use property at 2190 Shattuck Avenue has been sold in a recent transaction. Wes Rogers, representing Landmark Properties, acted as the buyer in the deal, while the seller was PGIM Real Estate. The sale price for this property stood at $27,700,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $27,700,000
- Date: 12/23/2022
- Market: Downtown Berkeley
- Buyer: Landmark Properties - Wes Rogers
- Seller: PGIM Real Estate
- Address: 2190 Shattuck Avenue
- Image: Wes Rogers
Wes Rogers, representing Landmark Properties, played a crucial role as the buyer in this transaction. On the other hand, PGIM Real Estate acted as the seller. This deal signifies the successful transaction of the mixed-use property in Downtown Berkeley, adding to Landmark Properties' portfolio.
Players
Berkeley Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93