Friedman LLC Acquires Mixed-Use Asset In San Bernardino For $6M With Brokers Ben Brownstein, Brandon Michaels, Steven Schechter
395 North E Street, San Bernardino, CA, USA
$6,000,000
$206/SF
Building Size
29,106 SF
Asset Type
Mixed-use
Closing
Aug 12, 2019
AI
A mixed-use property located at 395 N E St in San Bernardino has been sold for $6,000,000. The property spans over 29,106 square feet and was acquired by Friedman LLC from Mirage Capital. The transaction took place on August 13, 2019. The property is situated in the San Bernardino market.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $6,000,000
- Square Footage: 29,106
- Address: 395 N E St
- Market: San Bernardino
The deal was facilitated by the brokers Ben Brownstein, Brandon Michaels, and Steven Schechter. They represented both the buyer, Friedman LLC, and the seller, Mirage Capital, in this transaction.
Players
San Bernardino 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93