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295 29th Street, Oakland, C...

Updated Oct 29, 2024

The Martin Group Acquires Mixed-use Property In Oakland For $47M With Buyer's Rep Justin Osler & Stephen Siri, Seller Anton Development
SOLDMixed-use

The Martin Group Acquires Mixed-use Property In Oakland For $47M With Buyer's Rep Justin Osler & Stephen Siri, Seller Anton Development

295 29th Street, Oakland, California 94611, United States

$47,000,000

Units

91

Asset Type

Mixed-use

Closing

May 1, 2023

About this deal

AI

The mixed-use property located at 295 29th Street in Oakland has been sold in a closed transaction. The sale took place on January 5, 2023. The property is composed of 91 units and was sold for a price of $47,000,000, resulting in an average price per unit of $516,484. The buyer of the property is The Martin Group, represented by Justin Osler and Stephen Siri from Stars REI, while the seller is Anton Development. The sale was facilitated by JLL.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $47,000,000
  • Address: 295 29th Street, Oakland
  • Market: Oakland

The deal involved The Martin Group as the buyer, represented by Justin Osler and Stephen Siri from Stars REI. Oscar Boettiger, also from Stars REI, represented The Martin Group in the transaction. The seller, Anton Development, successfully closed the deal with the assistance of JLL.

Players

M Development
M DevelopmentSeller

Oakland Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $516.5K per unit across 91 units on a published $47M (2023).

Browse California mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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