Equitas Investments Sells Santa Maria And Fresno Retail Properties For $3.4M
SOLD
$3,400,000
California
See Similar DealsRetail7,053 SF
Sold 12/22/2020
SOLD
Equitas Investments Sells Santa Maria And Fresno Retail Properties For $3.4M
1104 South Blosser Road, Santa Maria, CA, USA
See Similar DealsRetail7,053 SF
Sold 12/22/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$482
Total Square Footage:7,053 SF
Transaction Type:Sale
The retail property located at 1104 S. Blosser Road and 2414-2418 N. Fruit Ave in Santa Maria, Fresno was recently sold for a price of $3,400,000. The property spans a total of 7,053 square feet, resulting in a price per square foot of $482. The transaction took place on 12/22/2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,400,000
- Address: 1104 S. Blosser Road, 2414-2418 N. Fruit Ave
- Market: Santa Maria, Fresno
- Square Footage: 7,053
- Price per Square Foot: $482
The seller in this transaction was Equitas Investments. Jeremy McChesney from Hanley Investment Group, Luc Hawkshaw from Apex Partners, and Sandra Miller from Engel & Volkers represented the seller as brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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