Mu Ching Chu Acquires Office At 4343 Fortune Place In Melbourne For $1.8M
4343 Fortune Place
$1,800,000
$200/SF
Building Size
9,000 SF
Asset Type
Office
Closing
Apr 2, 2026
About this deal
AI
The property asset involved in this transaction is an office located at 4343 Fortune Place in the Melbourne market. The sale price of the asset was $1,800,000, spanning a total area of 9,000 square feet, translating to a price per square foot of $200.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,800,000
- Buyer: Mu Ching Chu
- Seller: David Ragno & Ryan Garzon - DRG Real Estate; Evan Greenfield
- Seller's Representative: Tarek Chbeir - Marcus & Millichap
- Date of Transaction: 04/03/2026
The transaction involved key individuals and companies including the buyer Mu Ching Chu and the sellers David Ragno and Ryan Garzon, who are linked with DRG Real Estate. Additionally, Evan Greenfield was a seller involved in this deal. Tarek Chbeir represented the sellers in this transaction, ensuring their interests were effectively managed throughout the process.
On the Map
$1,800,000
$200/SF
Office
View full map
Melbourne Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Tarek Chbeir to view all their deals.
Browse Melbourne office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93