Dmitri Tiphion Acquires LA County Retail Property For $8.7M
SOLD
$8,700,000
California
See Similar DealsRetail45,000 SF
SOLD
Dmitri Tiphion Acquires LA County Retail Property For $8.7M
1020 Commerce Center Dr, Lancaster, CA 93534, USA
See Similar DealsRetail45,000 SF
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$193
Total Square Footage:45,000 SF
Transaction Type:Sale
A retail property located at 1020 Commerce Center Dr in LA County has been sold for $8,700,000. The property has a total square footage of 45,000, resulting in a price per square foot of $193.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,700,000
- Address: 1020 Commerce Center Dr
- Market: LA County
- Buyer: Dmitri Tiphion
- Seller: Cadence Capital
- Broker: Vanessa Haddad - BRE
Dmitri Tiphion was the buyer of the property, while Cadence Capital acted as the seller. The broker representing the deal was Vanessa Haddad from BRE.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$463,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26
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