Updated Oct 29, 2024
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
About this deal
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.
On the Map
$8,500,000
$227/SF
Mixed-use
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Players
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