CALIFORNIA PROSPECT

PLACE LLC

  • Ground up multi-tenant office development project built by Badiee

  •  Property was returned to the bank due to non-recourse loan and tenant departure

  • Property 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

Property Features

Location