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2810 Lenwood Rd Barstow, CA...

David Graham Acquires Development Site In Barstow For $1.5M, Represented By Gabriel Talasazan Of Beverly & Company
SOLDDevelopment Site

David Graham Acquires Development Site In Barstow For $1.5M, Represented By Gabriel Talasazan Of Beverly & Company

2810 Lenwood Rd Barstow, CA 92311, USA

$1,500,000

$200/SF

Building Size

7,500 SF

Asset Type

Development Site

Closing

Jan 18, 2023

AI

The property involved in this transaction is a development site located at 2810 Lenwood Road in Barstow. It spans a lot size of 43,560 square feet and has a building square footage of 7,500. The property was sold for a price of $1,500,000, resulting in a price per square foot of $34.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,500,000
  • Building Square Footage: 7,500
  • Price per Square Foot: $34
  • Lot Size: 43,560 square feet
  • Market: Barstow

The buyer in this deal is David Graham, while the seller is Abe Zakaria. Acting as the broker for this transaction is Gabriel Talasazan from Beverly & Company. The transaction is notable for its dual representation, 120-day escrow period, and an all-cash payment.

This development site is strategically located near various popular retail tenants, including In and Out, Starbucks, Raising Canes, Chipotle, McDonald's, Panda Express, Dunkin Donuts, Jersey Mikes, Arco, Mobil, Shell, and many other national chains.

Players

Gabriel Talasazan

Beverly & Company

Broker

$112.3M

vol

15 deals

Broker

Barstow Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93