California Prospect Place LLC
ABOUT THIS PROJECT
California Prospect Place LLC is a ground-up multi-tenant office. It’s a 2 story project with under ground parking.
PROPERTY FEATURES
- Ground up multi-tenant office development project built by Badiee
- Property was returned to the bank due to non-recourse loan and tenant departureProperty was refinanced for $5,675,000 in 2006
- Loan balance when returned to bank was approximately $5.0 million
- IRR assumes cash yield of 8% per year