Meridian Sells Stockton Property For $7.5 Million With Seller's Rep Christopher Sheldon
7500 West Ln, Stockton, CA, 95210
$7,500,000
$576,923/SF
Building Size
13 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 7500 West Ln, Stockton, CA, 95210. It is a commercial asset with a total square footage of 13, and the sale price is $7,500,000.00. The market for this property is identified as Stockton.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $7,500,000.00
- Address: 7500 West Ln, Stockton, CA, 95210
- Market: Stockton
- Seller: Meridian
- Seller's Representative: Christopher Sheldon (Cushman & Wakefield)
- Buyer: Unknown
The key individuals involved in this transaction include Christopher Sheldon, who represents the seller, Meridian, through the agency Cushman & Wakefield. The identity of the buyer remains undisclosed.
Players
Stockton Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93