Updated Dec 21, 2023
Daniel Emrani Acquires Office Buildings In San Bernardino For $5M
1820 South Commercenter Circle, San Bernardino, California 92408, United States
$5,000,000
$122/SF
Building Size
40,699 SF
Asset Type
Office
Closing
Mar 30, 2022
About this deal
AI
The property asset involved in this transaction is an office building located at 1820, 1824, 1828 & 1836 Commercenter Circle in San Bernardino. The transaction took place on 03/31/2022. The property spans a total square footage of 40,699 and was sold for $5,000,000, resulting in a price per square foot of $122.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 1820, 1824, 1828 & 1836 Commercenter Circle, San Bernardino
- Market: San Bernardino
The buyer in this transaction was Daniel Emrani, and the seller was Maurice David Mazur. Frank Lahijani and Vee Sookiasian, representing Global Commercial Real Estate, served as the buyer's representatives. Lee Spence from Daum Commercial acted as the seller's representative.
Players
San Bernardino 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