Marcus & Millichap Sells Winnetka Retail Property For $1.1M With Floyd Shaheen & Emily Shikhvarger
SOLD
$1,100,000
California
See Similar DealsOther2,400 SF
Sold 07/27/2020
SOLD
Marcus & Millichap Sells Winnetka Retail Property For $1.1M With Floyd Shaheen & Emily Shikhvarger
20442 Sherman Way, Winnetka, CA 91306, USA
See Similar DealsOther2,400 SF
Sold 07/27/2020
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$458
Total Square Footage:2,400 SF
Transaction Type:Sale
The property at 20442 Sherman Way in Winnetka has been sold for $1,100,000. This retail asset spans across 2,400 square feet, resulting in a price per square foot of $458.33.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,100,000
- Address: 20442 Sherman Way
- Market: Winnetka
- Square Footage: 2,400
- Price per Square Foot: $458.33
Floyd Shaheen and Emily Shikhvarger facilitated the deal as the brokers involved in this transaction.
Additional notes about the deal include a 20-year history at the location and an all-cash buyer. The buyer had a 14-day inspection period to assess the property.
Floyd Shaheen can be reached directly at 818-212-2667 or via email at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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