David Eckstein Acquires Multifamily Asset At 111 Bauer Drive Oakland For $19.1M
111 Bauer Drive
$19,100,000
$158/SF
Building Size
120,760 SF
Asset Type
MultiFamily
Closing
Nov 1, 2018
AI
The property asset is a MultiFamily type located at 111 Bauer Drive in the Oakland market. The transaction was completed for a price of $19,100,000.00, with a total square footage of 120,760.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $19,100,000.00
- Address: 111 Bauer Drive
- Market: Oakland
- Square Footage: 120,760.0
- Buyer: David Eckstein
- Seller: Jonathan Joels
- Broker: Yisroel Pershin
This transaction involved David Eckstein as the buyer and Jonathan Joels as the seller. Yisroel Pershin served as the broker representing the seller in the deal.
Players
Oakland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93