Updated Oct 25, 2024
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
About this deal
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.
On the Map
$5,000,000
$835/SF
Office
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Players
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