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Jeff Lefko & Bill Asher Sell Retail Property In Tehachapi, CA For $6.4M

Property Image
SOLD
$6,400,000
Bill Asher

California

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Retail14,560 SF
Sold 06/27/2022
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Property Image
SOLD

Jeff Lefko & Bill Asher Sell Retail Property In Tehachapi, CA For $6.4M

1091 West Tehachapi Boulevard, Tehachapi, California 93561, United States

See Similar Deals
Retail14,560 SF
Sold 06/27/2022
Bill Asher
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$439
Total Square Footage:14,560 SF
Transaction Type:Sale

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

Bill Asher
90 deals$653.6M volume
BROKER

Jeff Lefko
Hanley Investment Group
88 deals$611.2M volume
BROKER

Details

SOLD
IMAGE: Jeff Lefko & Bill Asher DATE: 06/27/2022 ADDRESS: 1091 W. Tehachapi Blvd. MARKET: Tehachapi ASSET TYPE: Retail BUYER'S REP: Chris Spirito - Stafford Commercial Real Estate SELLER'S REP: Bill Asher & Jeff Lefko (@JeffLef80) - Hanley Investment Group Real Estate Advisors SALE PRICE: $6,400,000 SF: 14,560 ~ PPSF: $439

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18