Mark Farzan And Aaron Farzan Acquire Santa Monica Development Site For $4.2M
SOLD
$4,200,000
+ 1
Pennsylvania
See Similar DealsDevelopment Site
Sold
SOLD
Mark Farzan And Aaron Farzan Acquire Santa Monica Development Site For $4.2M
2307 Lincoln Boulevard
See Similar DealsDevelopment Site
Sold
+ 1
Summary
PENNSYLVANIA
Asset Type:Development Site
Transaction Type:Sale
A development site located at 2307 Lincoln Boulevard in Santa Monica has been sold for a price of $4,200,000. The property is situated in a prime location in Santa Monica's market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,200,000
- Address: 2307 Lincoln Boulevard, Santa Monica
Mark Farzan and Aaron Farzan have purchased the property from BLT Enterprises, represented by Rob Solomon. The deal was facilitated by Brad McCoy, George Wilson, and David (Dave) Wilson from Lee & Associates.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
Is there something missing? Send suggestions