Updated Dec 20, 2023
Lancaster QSR Property Sold For $1.975M With Lior Regenstreif - Marcus & Millichap
2056 East Avenue J, Lancaster, CA 93535, USA
$1,975,000
$664/SF
Building Size
2,973 SF
Asset Type
Other
Closing
Jan 3, 2019
About this deal
AI
2056 E Avenue J in Lancaster, CA was recently sold in a single tenant net leased ground lease transaction. The property, a quick-service restaurant (QSR), was sold for a price of $1,975,000. It spans a total area of 2,973 square feet, resulting in a price per square foot of $664.31. The capitalization rate for this transaction is 4.41%.
Summary of transaction details
- Property Type: QSR
- Transaction Amount: $1,975,000
- Address: 2056 E Avenue J, Lancaster, CA
- Market: Single Tenant Net Leased Ground Lease
- Square Footage: 2,973 SF
- Price per Square Foot: $664.31
- Capitalization Rate: 4.41%
The deal was facilitated by Lior Regenstreif, a representative from Marcus & Millichap, who played a key role in the transaction.
Lancaster Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93