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Don Tepman Purchases Retail Property At 2540-2550 San Ramon Valley Boulevard For $9M With JLL Brokers
SOLD
$9,000,000
California
See Similar DealsRetail
Sold 10/15/2024
SOLD
Don Tepman Purchases Retail Property At 2540-2550 San Ramon Valley Boulevard For $9M With JLL Brokers
2540 San Ramon Valley Boulevard
See Similar DealsRetail
Sold 10/15/2024
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
A retail property located at 2540-2550 San Ramon Valley Boulevard in San Ramon has been sold for $9 million. The transaction involved a retail asset characterized by its specific location and market value.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 2540-2550 San Ramon Valley Boulevard
- Market: San Ramon
- Buyer: Don Tepman
- Broker Representatives: Ben Lazzareschi, Eric Kathrein, and Warren McClean - JLL
The property transaction was facilitated by Ben Lazzareschi, Eric Kathrein, and Warren McClean from JLL, who played a significant role as brokers in the deal. Their involvement highlights the expertise and collaborative effort in successfully completing this retail property sale.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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