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1445 23rd Avenue

BayTech Charter School Acquires Oakland Church For $2.2M
SOLDOther

BayTech Charter School Acquires Oakland Church For $2.2M

1445 23rd Avenue

$2,200,000

$137,500/SF

Building Size

16 SF

Asset Type

Other

Closing

Mar 14, 2023

AI

The sale of a church property located at 1445 23rd Avenue in Oakland has been completed. The transaction took place on 03/14/2023 and the property was purchased by BayTech Charter School. The buyer was represented by Shawn Klein from Newmark and Haley Klein from Maven Properties, while the seller was represented by Ben Weinstein from Weinstein Local. The sale price for the property was $2,200,000, with a total area of 16,350 square feet. The price per square foot was $135.

Summary of transaction details

  • Property Type: Church
  • Transaction Amount: $2,200,000
  • Address: 1445 23rd Avenue, Oakland
  • Market: Oakland
  • Buyer: BayTech Charter School
  • Buyer's Representative: Shawn Klein - Newmark; Haley Klein - Maven Properties
  • Seller's Representative: Ben Weinstein - Weinstein Local
  • Square Footage: 16,350
  • Price Per Square Foot: $135

Haley Klein provided the image for the listing of this church property. It is located in Oakland, a market known for its diverse community and vibrant culture. The transaction involved key individuals such as Shawn Klein and Haley Klein, who represented the buyer BayTech Charter School. Ben Weinstein represented the seller, showcasing his expertise as a broker. The sale of this church property highlights the demand for educational spaces in the Oakland market.

Players

Shawn Klein

Newmark

Broker

$2.2M

vol

1 deal

Broker

Oakland Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93