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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1580 West Valley Parkway
- Market: Escondido
- Landlord: Red Mountain Retail Group
- Tenant: Dollar Tree & Big Blue Swim School
- Landlord's Representative: Lea Clay Park & Stephanie Skrbin - Axiom Retail Advisors
- Tenant's Representatives: Brian Pyke - Retail Insite; Andrew Shemirani - Flocke & Avoyer
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
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