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Retail Property At 2310 Telegraph Avenue Sold For $12.7 Million In Berkeley
SOLD
$12,700,000
California
See Similar DealsRetail12,419 SF
Sold
SOLD
Retail Property At 2310 Telegraph Avenue Sold For $12.7 Million In Berkeley
2310 Telegraph Avenue
See Similar DealsRetail12,419 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1022
Total Square Footage:12419 SF
Transaction Type:Sale
This retail asset located at 2310 Telegraph Avenue in Berkeley has a total square footage of 12,419. It was sold for a price of $12,700,000, reflecting a price per square foot of $1,023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,700,000
- Address: 2310 Telegraph Avenue
- Market: Berkeley
- Square Footage: 12,419
- Price per Square Foot: $1,023
Robert Johnston from The Levin Johnston Group - Marcus & Millichap represented the seller in this transaction, facilitating the sale of the property in Berkeley.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$677,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,204.48
Annual Debt Service$722,453.75
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