Brandon Michaels Sells Office In Laguna Beach For $6.64M
310 Broadway St, Marion, IN 46952, USA
$6,640,000
$112/SF
Building Size
59,200 SF
Asset Type
Office
Closing
Jul 23, 2020
About this deal
AI
The office building located at 310 Broadway St in Laguna Beach was recently sold for $6,640,000. Spanning across 5,920 square feet, the property was sold at a price per square foot of $1,121.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,640,000
- Square Feet: 5,920
- Price per Square Foot: $1,121
- Market: Laguna Beach
- Broker: Brandon Michaels
Brandon Michaels, representing the buyer or seller, facilitated the transaction. The deal involved the purchase or sale of the office property, demonstrating the market activity in Laguna Beach.
Indianapolis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93