California Capital & Investment Group Acquires Office Property In Walnut Creek For $49.6M
SOLD
$49,600,000
California
See Similar DealsOffice449,200 SF
Sold 07/08/2022
SOLD
California Capital & Investment Group Acquires Office Property In Walnut Creek For $49.6M
2125 Oak Grove Road, Walnut Creek, California 94598, United States
See Similar DealsOffice449,200 SF
Sold 07/08/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$110
Total Square Footage:449,200 SF
Transaction Type:Sale
The property involved in this closed transaction is an office asset located at 2125 Oak Grove Road, 2775-2855 Mitchell Drive, and 2730-2880 Shadelands Drive in Walnut Creek. The sale took place on 07/08/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $49,600,000
- Square Footage: 449,200
- Price per Square Foot: $110
- Buyer: California Capital & Investment Group - Phil Tagami
- Seller: The Knoll Company
- Broker: JLL
The buyer in this transaction is California Capital & Investment Group, represented by Phil Tagami. The seller is The Knoll Company. The brokerage firm involved in the deal is JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,645,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$176,218.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$235,129.30
Annual Debt Service$2,821,551.66
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