Updated Dec 4, 2024
Charles Cui Acquires Development Site From Leo Polosajian & Paul Zerounian In Palmdale For $2.23M
39150 10th Street West
$2,230,410
$12/SF
Building Size
180,600 SF
Asset Type
Development Site
Closing
Nov 18, 2024
About this deal
AI
A 4.15 acre development site located at 39150 10th Street West in Palmdale was sold for $2,230,410. The parcel has a total square footage of 180,600 and the sale price per square foot was $12.35. It included a conditional use permit for a multi-pad development featuring two retail buildings and three drive-throughs.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,230,410
- Address: 39150 10th Street West
- Market: Palmdale
- Square Footage: 180,600
- Price Per Square Foot: $12.35
- Buyer: Charles Cui
- Seller: Leo Polosajian & Paul Zerounian
- Broker: Josh Markowitz - Markowitz Commercial Real Estate
Markowitz Commercial Real Estate represented both the buyer and the sellers in this transaction. The involvement of these parties highlights the collaborative nature of real estate transactions, underscoring the role of brokerage firms in facilitating deals within the market.
On the Map
$2,230,410
$12/SF
Development Site
View full map
Palmdale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Josh Markowitz to view all their deals.
Browse Palmdale development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.11%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93