Spectrum Commercial Real Estate Inc. Sells Office Building In Santa Clarita For $7.1M
SOLD
$7,100,000
California
See Similar DealsOffice23,388 SF
Sold 09/30/2022
SOLD
Spectrum Commercial Real Estate Inc. Sells Office Building In Santa Clarita For $7.1M
25101 The Old Road
See Similar DealsOffice23,388 SF
Sold 09/30/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$303
Total Square Footage:23,388 SF
Transaction Type:Sale
An office property located at 25101 The Old Rd in Santa Clarita was recently sold for $7,100,000. The property spans a total area of 23,388 square feet, resulting in a price per square foot of $304.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,100,000
- Address: 25101 The Old Rd
- Market: Santa Clarita
- Broker: Matt Sreden - Spectrum Commercial Real Estate Inc.
- Square Footage: 23,388
- Price Per Square Foot: $304
Matt Sreden from Spectrum Commercial Real Estate Inc. represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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