Kevin Wang Purchases Mixed-Use Property From Cynthia And Belinda Gee For $2.6M In Oakland
SOLD
$2,600,000
California
See Similar DealsMixed-use10,422 SF
Sold 07/12/2024
SOLD
Kevin Wang Purchases Mixed-Use Property From Cynthia And Belinda Gee For $2.6M In Oakland
6315 Telegraph Avenue
See Similar DealsMixed-use10,422 SF
Sold 07/12/2024
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$249
Total Square Footage:10,422 SF
Transaction Type:Sale
The property involved in this transaction is a mixed-use asset located at 6315 Telegraph Avenue in Oakland. The sale was completed for a total price of $2,600,000, with a total square footage of 10,422, resulting in a price per square foot of $249.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,600,000
- Address: 6315 Telegraph Avenue
- Market: Oakland
- Square Footage: 10,422
- Price Per Square Foot: $249
- Buyer: Kevin Wang
- Seller: Cynthia Gee & Belinda Gee
- Brokers: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
This deal involved key participants including buyer Kevin Wang and sellers Cynthia Gee and Belinda Gee. The brokers facilitating the transaction were Jake Glaser and Spencer Chan from Lyon Stahl Investment Real Estate, highlighting the collaborative effort in executing this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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