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2298 Durant Avenue

Valiance Capital Acquires Office Property In Berkeley For $5M
SOLDMultiFamily

Valiance Capital Acquires Office Property In Berkeley For $5M

2298 Durant Avenue

$5,000,000

Building Size

Asset Type

MultiFamily

Closing

Dec 29, 2023

AI

The office property located at 2298 Durant Avenue in Berkeley has been sold for $5,000,000. The property spans an area of 8,460 square feet, resulting in a price per square foot of $591. The transaction took place on December 29, 2023. The buyer, Valiance Capital, was represented by Nhan Nguyen Le, while the seller was Ann Kaplan Spears, Fred Feller, and Peggy Chang.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,000,000
  • Lot Size: 8,460 square feet
  • Price per Square Foot: $591
  • Date: December 29, 2023
  • Buyer: Valiance Capital - Nhan Nguyen Le
  • Seller: Ann Kaplan Spears, Fred Feller, and Peggy Chang

This transaction showcases the successful sale of the office property on Durant Avenue in Berkeley. Valiance Capital, represented by Nhan Nguyen Le, seized the opportunity to acquire the property from the sellers, Ann Kaplan Spears, Fred Feller, and Peggy Chang.

Players

Nhan Nguyen Le

Valiance Capital

Buyer

$52.2M

vol

5 deals

Buyer

Berkeley MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93