Berkeley Capital Advisors Sells Baker Retail Property For $5.25M
72083 Baker Boulevard
$5,250,000
$723/SF
Building Size
7,255 SF
Asset Type
Retail
Closing
Mar 24, 2023
AI
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
Market 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93