Updated Oct 28, 2024
Dmitri Tiphion Acquires LA County Retail Property For $8.7M
1020 Commerce Center Dr, Lancaster, CA 93534, USA
$8,700,000
$193/SF
Building Size
45,000 SF
Asset Type
Retail
Closing
Nov 9, 2022
About this deal
AI
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
Lancaster Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93