BH Properties Acquires 60-Acre Holy Name University Campus In Oakland For $65M
3500 Mountain Blvd, Oakland, CA 94619, USA
$65,000,000
Building Size
—
Asset Type
School
Closing
Jun 16, 2023
AI
A Los Angeles real estate investment firm, BH Properties, has purchased the 60-acre Holy Name University campus in Oakland just before it was scheduled for a foreclosure auction. The campus is located at 3500 Mountain Boulevard and is situated on 60 acres of land. The sale price of the transaction is $65,000,000.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $65,000,000
- Address: 3500 Mountain Boulevard, Oakland
- Market: Oakland
- Buyer: BH Properties - Steve Gozini
Steve Gozini, representing BH Properties, was the buyer in this transaction. BH Properties, a Los Angeles real estate investment firm, made the acquisition just before the scheduled foreclosure auction. The purchase of the Holy Name University campus marks a significant investment opportunity for BH Properties.
Players
Los Angeles School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93