Shopoff Realty Investments Acquires Retail Property In Westminster For $49M
SOLD
$49,000,000
California
See Similar DealsRetail
Sold 08/29/2022
SOLD
Shopoff Realty Investments Acquires Retail Property In Westminster For $49M
1025 Westminster Mall, Westminster, California 92683, United States
See Similar DealsRetail
Sold 08/29/2022
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 1025 Westminster Mall in Westminster has been sold for $49,000,000. The transaction took place on August 29, 2022. The property covers an area of 11.9 acres and is represented by William Shopoff from Shopoff Realty Investments.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $49,000,000
- Address: 1025 Westminster Mall, Westminster
- Market: Westminster
- Property Size: 11.9 acres
William Shopoff from Shopoff Realty Investments represented the buyer in the transaction. The broker involved in the deal was Lee Aarons from Land Advisors Organization.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$174,086.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$232,285.00
Annual Debt Service$2,787,419.98
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