Updated Oct 29, 2024
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
About this deal
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.
On the Map
$7,500,000
$576,923/SF
Office
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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