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
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.
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