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Private Partnership Acquires Commercial Property In Rosamond For $7.1M

Property Image
SOLD
$7,100,000

California

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Property Image
SOLD

Private Partnership Acquires Commercial Property In Rosamond For $7.1M

2550 Rosamond BLVD, Rosamond, CA...

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Commercial
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Summary

CALIFORNIA
Asset Type:Commercial
Transaction Type:Sale

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
4 deals$22.7M volume
BROKER

BUYER

Details

SOLD
IMAGE: 2550 Rosamond BLVD, Rosamond, CA... MARKET: Rosamond ASSET TYPE: Commercial BUYER'S REP: Mike Conger(Commercial Asset Advisors) BUYER: Private Partnership Buyer SELLER: Net Lease Alliance PRICE: $7,100,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$378,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47