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72083 Baker Boulevard

Berkeley Capital Advisors Sells Baker Retail Property For $5.25M
SOLDRetail

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

Gary Chou

Broker

$20.4M

vol

4 deals

Broker

Clark Bryner

Seller

$9.5M

vol

2 deals

Seller

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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