Evgenii Dadonov Acquires Development Site In Golden Beach For $3.4M
624 Ocean Boulevard
$3,400,000
$312/SF
Building Size
10,890 SF
Asset Type
Development Site
Closing
Nov 8, 2022
AI
624 Ocean Blvd, a development site located in Golden Beach, has been sold for $3,400,000. The property spans 10,890 square feet, resulting in a price per square foot of $312. This transaction took place on November 8, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,400,000
- Address: 624 Ocean Blvd
- Market: Golden Beach
- Buyer: Evgenii Dadonov
- Seller: Carmen Glazer
- Broker: Greg Gringruz - The Island - Your Real Estate Company; Carmen Glazer - US Prime Realty
Evgenii Dadonov acquired the development site at 624 Ocean Blvd from Carmen Glazer. The transaction involved the following brokers: Greg Gringruz from The Island - Your Real Estate Company and Carmen Glazer from US Prime Realty.
Players
Imperial Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93