Beach Gale LLC Acquires Mixed-Use Property In Laguna Niguel For $10M
28142 Camino Capistrano & 28182 Camino Capistrano
$10,000,000
$174/SF
Building Size
57,262 SF
Asset Type
Mixed-use
Closing
Mar 1, 2024
AI
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.
Players
Laguna Niguel 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93