Jessica Lee Acquires Retail Property In San Ramon For $5.7M
SOLD
$5,700,000
California
See Similar DealsRetail17,417 SF
Sold 12/29/2023
SOLD
Jessica Lee Acquires Retail Property In San Ramon For $5.7M
2416 San Ramon Valley Boulevard
See Similar DealsRetail17,417 SF
Sold 12/29/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$327
Total Square Footage:17,417 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 2416 San Ramon Valley Boulevard in San Ramon. The property has a total area of 17,417 square feet. The sale price for this property is $5,700,000, resulting in a price per square foot of $327.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $5,700,000
- Square Footage: 17,417
- Price per Square Foot: $327
- Date: 12/29/2023
- Market: San Ramon
The buyer in this transaction is Jessica Lee, and the seller is Peter Jensen. The broker representing both parties is Vincent Chapey of Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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