Beach Gale LLC Acquires Mixed-Use Property In Laguna Niguel For $10M
SOLD
$10,000,000
California
See Similar DealsMixed-use57,262 SF
Sold 03/01/2024
SOLD
Beach Gale LLC Acquires Mixed-Use Property In Laguna Niguel For $10M
28142 Camino Capistrano & 28182 Camino Capistrano
See Similar DealsMixed-use57,262 SF
Sold 03/01/2024
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$174
Total Square Footage:57,262 SF
Transaction Type:Sale
The mixed-use property located at 28142-28182 Camino Capistrano in Laguna Niguel has been sold for $10,000,000. The property spans 28,631 square feet, resulting in a price per square foot of $349.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 28142-28182 Camino Capistrano
- Market: Laguna Niguel
- Buyer: Beach Gale LLC - Sam Lim
- Seller: Schmidt Family Trust - Sigrid Schmidt
- Brokers: Brett Swartzbaugh & Don Yahn - Cushman & Wakefield
- SF: 28,631
Brett Swartzbaugh and Don Yahn from Cushman & Wakefield represented the buyer and seller in the transaction, respectively, facilitating the successful sale of the mixed-use property. Sam Lim, acting on behalf of Beach Gale LLC, acquired the property from the Schmidt Family Trust, managed by Sigrid Schmidt.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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