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2190 Shattuck Avenue, Berke...

Landmark Properties Acquires Mixed-Use Property In Downtown Berkeley For $27.7M
SOLDMixed-use

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

Wes Rogers

Landmark Properties

Buyer

$1.2B

vol

4 deals

Buyer
PGIM
PGIM Seller

Berkeley 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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93