facebook
Traded Co logo
Submit

Charles Cui Acquires Development Site From Leo Polosajian & Paul Zerounian In Palmdale For $2.23M

Property Image
SOLD
$2,230,410

California

See Similar Deals
Development Site180,600 SF
Sold 11/18/2024
the dealplayerscompscontact
Property Image
SOLD

Charles Cui Acquires Development Site From Leo Polosajian & Paul Zerounian In Palmdale For $2.23M

39150 10th Street West

See Similar Deals
Development Site180,600 SF
Sold 11/18/2024
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$12
Total Square Footage:180,600 SF
Transaction Type:Sale

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.

Players

Josh Markowitz
Markowitz Commercial Real Estate
Josh Markowitz
16 deals$51.3M volume(818) 337-9066
BROKER

Details

SOLD
IMAGE: Josh Markowitz DATE: 11/18/2024 ADDRESS: 39150 10th Street West MARKET: Palmdale ASSET TYPE: Development Site BUYER: Charles Cui SELLER: Leo Polosajian & Paul Zerounian BROKER: Josh Markowitz (@Josh.Markowitz) - Markowitz Commercial Real Estate SALE PRICE: $2,230,410 SF: 180,600 ~ PPSF: $12 NOTE FROM BROKER: Markowitz Commercial Real Estate represented the buyer and seller of a 4.15 acre commercial parcel in Palmdale, California. The property included a conditional use permit for a multi-pad development with two retail buildings and three drive-throughs. The parcel sold for $12.35 per square foot.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$118,955.21

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,924.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,573.28
Annual Debt Service$126,879.38