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
Dublin Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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