Updated Dec 20, 2023
Fred Kunik Acquires Office Building In Concord, CA For $20M
2055 Meridian Park Boulevard, Concord, California 94520, United States
$20,000,000
$795/SF
Building Size
25,141 SF
Asset Type
Office
Closing
Jun 30, 2022
About this deal
AI
An office building located at 2055 Meridian Park Blvd in Concord, CA has been sold for $20,000,000. The property spans 25,141 square feet, resulting in a price per square foot of $795.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $20,000,000
- Square Feet: 25,141
- Price per Square Foot: $795
- Address: 2055 Meridian Park Blvd, Concord, CA
- Market: Concord, CA
The buyer of the property is Fred Kunik, and the seller is Todd Berryhill.
The office sale at 2055 Meridian Park Boulevard, Concord, California 94520, United States in Concord, California sold for $20M in 2022. The building is 25,141 square feet, implying about 795 per square foot on the published price. This page is the Concord, California file for the 2055 Meridian Park Boulevard, Concord, California 94520, United States office sold: pricing, party profiles, and other closed office comps from the same Concord sit in the Market section below. Filter that Concord office set by closing date to see what else sold near 2055 Meridian Park Boulevard, Concord, California 94520, United States around 2022. Published consideration for 2055 Meridian Park Boulevard, Concord, California 94520, United States is $20M, dated 2022. Cite this Fred Kunik Acquires Office Building In Concord, CA For $20M sale when underwriting similar office product around Concord, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93