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3656 Old Arcata Road, Eurek...

Ben Leeds Acquires Manufactured Housing In Eureka For $4.7M
SOLDOther

Ben Leeds Acquires Manufactured Housing In Eureka For $4.7M

3656 Old Arcata Road, Eureka, California 95503, United States

$4,725,000

$4/SF

Building Size

990,554 SF

Asset Type

Other

Closing

Jun 14, 2022

AI

The manufactured housing property located at 3656 Old Arcata Rd. in Eureka has been sold for a total price of $4,725,000. The transaction took place on June 15, 2022. The property consists of 71 units, with an average price per unit of $66,549. The total square footage of the property is 990,554, resulting in a price per square foot of $4.

Summary of transaction details

  • Property Type: Manufactured Housing
  • Transaction Amount: $4,725,000
  • Units: 71
  • Price per Unit: $66,549
  • Square Footage: 990,554
  • Price per Square Foot: $4

The buyer of the property is Ben Leeds, while the seller is Jerry Husband. The transaction was facilitated by brokers Jeff Benson and Sam Neumark from Northmarq.

Players

Jeff Benson

NorthMarq

Broker

$381.6M

vol

19 deals

Broker

Eureka Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.36%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93