Jeff Lefko & Bill Asher Sell Retail Property In Tehachapi, CA For $6.4M
1091 West Tehachapi Boulevard, Tehachapi, California 93561, United States
$6,400,000
$439/SF
Building Size
14,560 SF
Asset Type
Retail
Closing
Jun 26, 2022
AI
A retail property located at 1091 W. Tehachapi Blvd. in Tehachapi has been sold for $6,400,000. The property spans 14,560 square feet, resulting in a price per square foot of $439. The sale took place on June 27, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,400,000
- Address: 1091 W. Tehachapi Blvd.
- Market: Tehachapi
- Buyer's Representative: Chris Spirito - Stafford Commercial Real Estate
- Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group Real Estate Advisors
- Square Footage: 14,560
- Price Per Square Foot: $439
Chris Spirito from Stafford Commercial Real Estate represented the buyer in this transaction, while Bill Asher and Jeff Lefko from Hanley Investment Group Real Estate Advisors represented the seller.
Players
Tehachapi 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93