SOLDRetail
PulteGroup Acquires Retail Property In Saratoga For $58.4M
18764 Cox Avenue, Saratoga, California 95070, United States
$58,400,000
Building Size
—
Asset Type
Retail
Closing
Sep 6, 2022
AI
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
Saratoga 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93