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2550 Rosamond BLVD, Rosamon...

Private Partnership Acquires Commercial Property In Rosamond For $7.1M
SOLDCommercial

Private Partnership Acquires Commercial Property In Rosamond For $7.1M

2550 Rosamond BLVD, Rosamond, CA...

$7,100,000

Building Size

Asset Type

Commercial

Closing

Nov 22, 2023

AI

The property at 2550 Rosamond Blvd in Rosamond, CA, was sold as part of a larger transaction involving four single-tenant, net-leased investments at a shopping center. The property, a 16,000-square-foot Grocery Outlet-occupied asset, was acquired by a Private Partnership for $7.1 million.

Summary of transation details:

The deal was facilitated by Mike Conger of Commercial Asset Advisors, representing the Private Partnership as the buyer. The seller, Net Lease Alliance, was represented by Bill Asher and Jeff Lefko of Hanley Investment Group. The transaction highlights the active involvement of various real estate professionals in concluding the successful sale of the property.

Players

Mike Conger

Commercial Asset Advisors

Broker

$22.7M

vol

4 deals

Broker
PP
Private PartnershipBuyer
NA
Net Lease AllianceSeller

Rosamond Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93