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.
Berkeley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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