Meridian Sells Stockton Property For $7.5 Million With Seller's Rep Christopher Sheldon
SOLD
$7,500,000
California
See Similar DealsOffice13 SF
SOLD
Meridian Sells Stockton Property For $7.5 Million With Seller's Rep Christopher Sheldon
7500 West Ln, Stockton, CA, 95210
See Similar DealsOffice13 SF
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$576,923
Total Square Footage:13 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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