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PulteGroup Acquires Retail Property In Saratoga For $58.4M

Property Image
SOLD
$58,400,000

California

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Retail
Sold 09/07/2022
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Property Image
SOLD

PulteGroup Acquires Retail Property In Saratoga For $58.4M

18764 Cox Avenue, Saratoga, California 95070, United States

See Similar Deals
Retail
Sold 09/07/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

The retail property located at 18764 Cox Avenue in Saratoga has been sold for a total price of $58,400,000. The transaction took place on September 7, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $58,400,000

PulteGroup, represented by Ryan R. Marshall, acted as the buyer in the transaction. The seller of the property was Sand Hill Property.

Players

RM
Ryan R. Marshall
6 deals$215.3M volume
BUYER
SP
Sand Hill Property
SELLER

Details

SOLD
IMAGE: Ryan R. Marshall DATE: 09/07/2022 ADDRESS: 18764 Cox Avenue MARKET: Saratoga ASSET TYPE: Retail BUYER: PulteGroup (@PulteHomes) - Ryan R. Marshall SELLER: Sand Hill Property SALE PRICE: $58,400,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,114,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$207,482.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$276,845.79
Annual Debt Service$3,322,149.53