Updated Dec 19, 2023
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
About this deal
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.
On the Map
$4,725,000
$4/SF
Other
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Players
Eureka 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
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93