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1580 West Valley Parkway

Axiom Retail Advisors Negotiates Two Leases At 1580 West Valley Parkway In Escondido
LEASEDRetail

Axiom Retail Advisors Negotiates Two Leases At 1580 West Valley Parkway In Escondido

1580 West Valley Parkway

Building Size

20,128 SF

Asset Type

Retail

Closing

Jul 26, 2024

AI

The property asset involved in the transaction is a retail space located at 1580 West Valley Parkway in Escondido, totaling 20,128 square feet. The retail market is characterized by a variety of businesses that cater to the surrounding community.

Summary of transaction details:

Axiom Retail Advisors successfully negotiated two leases that filled the former Big Lots space. Lea Clay Park and Stephanie Skrbin represented the landlord while Dollar Tree was represented by Brian Pyke and Big Blue Swim School was represented by Andrew Shemirani.

Players

Brian Pyke

Broker

$2M

vol

2 deals

Broker

Escondido Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93