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Compass Brokers Handle $12.5M Sale Of 8.68 Acre Single Family Property In Saratoga
SOLD
California
See Similar DealsSingle Family10,501 SF
Sold 05/26/2023
SOLD
Compass Brokers Handle $12.5M Sale Of 8.68 Acre Single Family Property In Saratoga
13740 Pierce Rd Saratoga, CA 95070, USA
See Similar DealsSingle Family10,501 SF
Sold 05/26/2023
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,187
Total Square Footage:10,501 SF
Transaction Type:Sale
A single-family property with a land size of 8.68 acres, located at 13740 Pierce Road in Saratoga, was recently sold. The property was sold for a total price of $12,468,000. The property has a total square footage of 10,501, resulting in a price per square foot of $1,187.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $12,468,000
- Address: 13740 Pierce Road
- Market: Saratoga
- Land Size: 8.68 acres
- Brokers: Michael Brown & Alice Xu - Compass; Donnica Ayon - Altas Realty
Michael Brown and Alice Xu from Compass, along with Donnica Ayon from Altas Realty, represented the involved parties in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$664,960.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,296.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,104.68
Annual Debt Service$709,256.17
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