Berkeley Capital Advisors Sells Baker Retail Property For $5.25M
SOLD
$5,250,000
California
See Similar DealsRetail7,255 SF
Sold 03/24/2023
SOLD
Berkeley Capital Advisors Sells Baker Retail Property For $5.25M
72083 Baker Boulevard
See Similar DealsRetail7,255 SF
Sold 03/24/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$723
Total Square Footage:7,255 SF
Transaction Type:Sale
The retail property located at 72083 Baker Boulevard in Baker has been sold in a transaction. The property spans 7,255 square feet and was sold for a price of $5,250,000, resulting in a price per square foot of $724.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,250,000
- Square Footage: 7,255
- Price per Square Foot: $724
- Address: 72083 Baker Boulevard, Baker
- Market: Baker
The seller of the property was Clark Bryner. Berkeley Capital Advisors represented both parties in the transaction, with Zack Williams and Gary Chou acting as the brokers. They played a crucial role in facilitating the sale of the property.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
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