Updated Oct 28, 2024
Shopoff Realty Investments Acquires Retail Property In Westminster For $49M
1025 Westminster Mall, Westminster, California 92683, United States
$49,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 28, 2022
About this deal
AI
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.
On the Map
$49,000,000
Retail
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Players
Westminster 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93