Port Hueneme Medical / Office Facility Sold For $11.5M By Martin Agnew, Ryan Serling & John Repstad
SOLD
California
See Similar DealsOffice27,311 SF
Sold 01/17/2019
SOLD
Port Hueneme Medical / Office Facility Sold For $11.5M By Martin Agnew, Ryan Serling & John Repstad
224 East Clara Street, Port Hueneme, CA, USA
See Similar DealsOffice27,311 SF
Sold 01/17/2019
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$421
Total Square Footage:27,311 SF
Transaction Type:Sale
A 27,311-square-foot Medical/Office 90-bed Rehabilitation Facility located at 224 E Clara St in Port Hueneme has been sold for $11,500,000. The property was sold on January 17, 2019. The price per square foot for this transaction was $421.
Summary of transaction details
- Property Type: Medical/Office 90-bed Rehabilitation Facility
- Transaction Amount: $11,500,000
- Address: 224 E Clara St
- Market: Port Hueneme
- Date: 01/17/2019
- Square Footage: 27,311
- Price per Square Foot: $421
The sale of the property was facilitated by brokers Martin Agnew and Ryan Serling from the Agnew Serling Group. John Repstad from Realty Advisory Group, Inc also played a role in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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