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Friedman LLC Acquires Mixed-Use Asset In San Bernardino For $6M With Brokers Ben Brownstein, Brandon Michaels, Steven Schechter

Property Image
SOLD
$6,000,000
Steven Schechter
Brandon Michaels
Ben Brownstein

California

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Mixed-use29,106 SF
Sold 08/13/2019
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Mixed-use29,106 SF
Sold 08/13/2019
Steven Schechter
Brandon Michaels
Ben Brownstein
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$206
Total Square Footage:29,106 SF
Transaction Type:Sale

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

Ben Brownstein
Marcus & Millichap
Ben Brownstein
10 deals$40.5M volume(818) 212-2812
BROKER
Brandon Michaels
Marcus & Millichap
Brandon Michaels
138 deals$747.9M volume(818) 292-3175
BROKER
Steven Schechter
Marcus & Millichap
Steven Schechter
46 deals$283.6M volume
BROKER

Details

SOLD
IMAGE: Ben Brownstein @thewittybroker, Brandon Michaels @brandonmichaelsgroup & Steven Schechter DATE: 08/13/2019 ADDRESS: 395 N E St MARKET: San Bernardino ASSET TYPE: Mixed-Use PRICE: $6,000,000 SF: 29,106 PPSF: $206.14 BUYER: Friedman LLC SELLER: Mirage Capital BROKERS: Ben Brownstein, Brandon Michaels, Steven Schechter

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73