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3500 Mountain Blvd, Oakland...

BH Properties Acquires 60-Acre Holy Name University Campus In Oakland For $65M
SOLDSchool

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

B.H. Properties
B.H. PropertiesLender

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