IRA Capital Acquires Mixed-Use Property In Dublin & Novato For $106.5M
SOLD
$106,500,000
California
See Similar DealsMixed-use
Sold 02/02/2022
SOLD
IRA Capital Acquires Mixed-Use Property In Dublin & Novato For $106.5M
Dublin, California, United States
See Similar DealsMixed-use
Sold 02/02/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Transaction Type:Sale
A mixed-use property in Dublin and Novato has been sold for a staggering $106,500,000. The property, consisting of 160 units, was purchased by IRA Capital, represented by Jay Gangwal and Azhar Jameeli. With a price per unit of $665,625, this transaction marks a significant milestone in the real estate market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $106,500,000
- Units: 160
- Price per Unit: $665,625
Representing the buyer, IRA Capital, Jay Gangwal and Azhar Jameeli played a crucial role in the successful acquisition of this mixed-use property. Their expertise and negotiation skills were instrumental in finalizing the deal. This sale showcases the strong demand for mixed-use properties in the Dublin and Novato markets.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,680,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$378,372.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$504,864.33
Annual Debt Service$6,058,372.01
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