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Dublin, California, United ...

IRA Capital Acquires Mixed-Use Property In Dublin & Novato For $106.5M
SOLDMixed-use

IRA Capital Acquires Mixed-Use Property In Dublin & Novato For $106.5M

Dublin, California, United States

$106,500,000

Building Size

Asset Type

Mixed-use

Closing

Feb 2, 2022

AI

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

Jay Gangwal

IRA Capital

Buyer

$384M

vol

4 deals

Buyer
IRA Capital
IRA CapitalBuyer

Dublin 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93