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Sancerra Acquires 26-Acre Development Site For $5.9M In Riverside County

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SOLD
$5,900,000

National

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Sold 10/28/2021
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Property Image
SOLD

Sancerra Acquires 26-Acre Development Site For $5.9M In Riverside County

Sold 10/28/2021
the dealplayerscompscontact
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Summary

Transaction Type:Sale

Players

Justin Woodworth
Justin Woodworth
2 deals$14.1M volume
BROKER

Details

SOLD
IMAGE: Justin Woodworth & Marcus Cook DATE: 10/28/2021 MARKET: Riverside County ASSET TYPE: Development Site ~ ACRES: 26 BUYER: Sancerra - Mike Rios, Marcus Cook, Jim Chahine, Adam Smith BROKER: Justin Woodworth - The Hoffman Company SALE PRICE: $5,900,000 BSF: 248,901 ~ PPBSF: $23 NOTE: Sancerra's first build-to-rent transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12