Updated Sep 11, 2026
Nechung Buddhist Center Acquires Office Building From Jayne Ramirez In El Cerrito For $1.45M
1600 Kearney Street
$1,450,000
$154/SF
Building Size
9,395 SF
Asset Type
Office
Closing
Sep 4, 2026
About this deal
AI
An office asset at 1600 Kearney Street in El Cerrito has been sold for $1,450,000. The property encompasses 9,395 square feet with a price per square foot of $154.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,450,000
- Address: 1600 Kearney Street
- Market: El Cerrito
- Buyer: Nechung Buddhist Center
- Seller: Jayne Ramirez
- Broker: Davide Pio - BCRE
The transaction was facilitated by broker Davide Pio, representing the sale of the office property from seller Jayne Ramirez to buyer Nechung Buddhist Center.
On the Map
$1,450,000
$154/SF
Office
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El Cerrito 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93