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:
- Property Type: Commercial
- Transaction Amount: $7,100,000.00
- Market: Rosamond
- Buyer's Representative: Mike Conger (Commercial Asset Advisors)
- Seller: Net Lease Alliance
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
Rosamond Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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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