Updated Dec 21, 2023
Kaiwei Wang Acquires Retail Property In Berkeley For $2.75M
2147 San Pablo Avenue, Berkeley, California 94702, United States
$2,750,000
$558/SF
Building Size
4,928 SF
Asset Type
Retail
Closing
Feb 5, 2022
About this deal
AI
The retail property located at 2147 San Pablo Ave. in Berkeley has been sold. The transaction took place on 02/06/2022 and was facilitated by brokers Matthew Luchs, Brandon Michaels, and Steven Schechter from The Brandon Michaels Group. The property measures 4,928 square feet and is valued at $2,750,000, resulting in a price per square foot of $558. The capitalization rate for this sale is 3.19%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,750,000
- Address: 2147 San Pablo Ave., Berkeley
- Market: Berkeley
The buyer in this transaction is Kaiwei Wang, while the seller is Kathleen Phelan. Matthew Luchs, Brandon Michaels, and Steven Schechter represented both parties as brokers from The Brandon Michaels Group.
Players
Berkeley 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93