San Bernardino County Acquires Office Property On East Vanderbilt Way For $26.75M
SOLD
$26,750,000
California
See Similar DealsOffice115,520 SF
Sold 01/05/2024
SOLD
San Bernardino County Acquires Office Property On East Vanderbilt Way For $26.75M
451 East Vanderbilt Way
See Similar DealsOffice115,520 SF
Sold 01/05/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$231
Total Square Footage:115,520 SF
Transaction Type:Sale
Paul Miszkowicz of Harbor Associates, sold an office property located at 451 East Vanderbilt Way in San Bernardino. The buyer of the property was San Bernardino County. The transaction took place on 01/05/2024.
Summary of transation details
- Property Type: Office
- Transaction Amount: $26,750,000
- Square Footage: 115,520
- Price per Square Foot: $232
- Address: 451 East Vanderbilt Way, San Bernardino
- Market: San Bernardino
Paul Miszkowicz of Harbor Associates, acted as the seller in the deal. San Bernardino County was the buyer. The office property, with a total square footage of 115,520, was sold for a price of $26,750,000, resulting in a price per square foot of $232.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,037.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$126,808.65
Annual Debt Service$1,521,703.77
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