Updated Oct 28, 2024
Masagana Properties Sells Retail Property In Yucca Valley For $6.5M, Represented By Jaime Salazar & Daniel Hurd - Marcus & Millichap
1059 Old Woman Springs Road, Yucca Valley, California 92284, United States
$6,500,000
$714/SF
Building Size
9,100 SF
Asset Type
Retail
Closing
Apr 27, 2022
About this deal
AI
The retail property located at 1059 Old Woman Springs Road in Yucca Valley has been sold for a total price of $6,500,000. This property spans approximately 9,100 square feet, resulting in a price per square foot of $714. The sale was conducted by Masagana Properties, with the representation of brokers Jaime Salazar and Daniel Hurd from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 1059 Old Woman Springs Road
- Market: Yucca Valley
Jaime Salazar and Daniel Hurd from Marcus & Millichap played key roles in the sale of this retail property. They represented Masagana Properties throughout the transaction, ensuring a successful deal. With their expertise, the property was sold at a desirable price, reflecting the current market conditions in Yucca Valley.
Players
Twentynine Palms 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93