David Walker Acquires Office Building In St. Helena, Napa Valley For $5M
SOLD
$5,000,000
California
See Similar DealsOffice5,986 SF
Sold 03/24/2022
SOLD
David Walker Acquires Office Building In St. Helena, Napa Valley For $5M
1345 Railroad Avenue, St. Helena, California 94574, United States
See Similar DealsOffice5,986 SF
Sold 03/24/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$835
Total Square Footage:5,986 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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