Updated Dec 19, 2023
Patrick W Eilert Acquires Retail Property In Morgan Hill, CA For $6.2M
16795 Monterey Road, Morgan Hill, California 95037, United States
$6,172,022
$995/SF
Building Size
6,200 SF
Asset Type
Retail
Closing
Jun 16, 2022
About this deal
AI
A retail property located at 16795 Monterey Rd in Morgan Hill, CA was recently sold in a closed transaction. The property spans approximately 6,200 square feet and was sold for a price of $6,172,022, resulting in a price per square foot of $995.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,172,022
- Address: 16795 Monterey Rd
- Market: Morgan Hill, CA
- Square Footage: 6,200
The buyer in this transaction is Patrick W Eilert, while the sellers are Mary Sue Barger and Michael Dennis Barger.
Players
Morgan Hill Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93