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18060 Euclid Street, Founta...

Euclid Investment Acquires Mixed-Use Property In Fountain Valley For $8.5M
SOLDMixed-use

Euclid Investment Acquires Mixed-Use Property In Fountain Valley For $8.5M

18060 Euclid Street, Fountain Valley, CA, USA

$8,500,000

$227/SF

Building Size

37,423 SF

Asset Type

Mixed-use

Closing

Jan 5, 2021

AI

18060 Euclid Street, located in Fountain Valley, was recently sold in a mixed-use transaction. The property spans a total area of 37,423 square feet and was sold for $8,500,000, reflecting a price per square foot of $227. The retail showroom/warehouse space was previously occupied by Ashley Furniture and will soon become the flagship showroom for Harbour Outdoor in Orange County.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $8,500,000
  • Address: 18060 Euclid Street, Fountain Valley
  • Square Footage: 37,423
  • Market: Fountain Valley

The buyer of the property is Euclid Investment, represented by Jake Zacuto of Zacuto Group and Leor Binshtock. On the other hand, the seller, Sacher Euclid Property, was advised by Greg Osborne.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Fountain Valley Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93