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1345 Railroad Avenue, St. H...

David Walker Acquires Office Building In St. Helena, Napa Valley For $5M
SOLDOffice

David Walker Acquires Office Building In St. Helena, Napa Valley For $5M

1345 Railroad Avenue, St. Helena, California 94574, United States

$5,000,000

$835/SF

Building Size

5,986 SF

Asset Type

Office

Closing

Mar 23, 2022

AI

Located at 1345 Railroad Ave. in St. Helena, Napa Valley, this office property was recently sold for a price of $5,000,000. Spanning 5,986 square feet, the property was sold at a rate of approximately $835 per square foot. The transaction took place on March 24, 2022, and involved the buyer, David Walker, and the seller, Sherratt Reicher. The deal was facilitated by Elan Kermani of CityStreet Commercial.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,000,000
  • Square Footage: 5,986
  • Price per Square Foot: $835
  • Address: 1345 Railroad Ave., St. Helena, Napa Valley
  • Market: St. Helena, Napa Valley

Davd Walker acted as the buyer in this transaction, while Sherratt Reicher played the role of the seller. Elan Kermani, representing CityStreet Commercial, was the broker involved in this deal.

Players

Elan Kermani

Broker

$59.5M

vol

9 deals

Broker

David Walker

Pacific Star Capital

Buyer

$63M

vol

2 deals

Buyer

Saint Helena Office Market Snapshot

Boundary boundary · Office · 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