Updated Dec 21, 2023
Jeff Benson & Sam Neumark Acquire Manufactured Housing In Bakersfield For $3.7M
6000 East Brundage Lane, Bakersfield, CA, USA
$3,700,000
$11/SF
Building Size
315,374 SF
Asset Type
Other
Closing
May 13, 2020
About this deal
AI
The property at 6000 E Brundage Lane in Bakersfield has been sold in a transaction facilitated by Jeff Benson & Sam Neumark. The property is a manufactured housing asset consisting of 62 units. The sale took place on 05/14/2020 for a total price of $3,700,000, resulting in a price per square foot of $11.73. The total square footage of the property is 315,374, with each unit having a price per unit of $59,677.
Summary of transaction details
- Property Type: Manufactured housing
- Transaction Amount: $3,700,000
- Square Footage: 315,374
- Price per Square Foot: $11.73
- Units: 62
- Price per Unit: $59,677
Jeff Benson & Sam Neumark played a crucial role as the brokers in facilitating the sale of this manufactured housing property in Bakersfield. The transaction took place on 05/14/2020, with a total price of $3,700,000. The property offers 62 units, with a total square footage of 315,374. Each unit was valued at $59,677, resulting in a price per square foot of $11.73.
Players
Bakersfield 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93