Updated Oct 29, 2024
Khasigian Properties LP Acquires Santa Maria Retail Property For $1.65M
1104 S Blosser Rd, Santa Maria, CA 93458, USA
$1,650,000
$68/SF
Building Size
24,130 SF
Asset Type
Retail
Closing
Sep 2, 2020
About this deal
AI
Located at 1104 S Blosser Rd in Santa Maria, this retail property was recently sold in a transaction. The property encompasses an area of 2,413 square feet. The transaction involved the sale of the property for a price of $1,650,000, resulting in a price per square foot of $683. The buyer of the property was Khasigian Properties LP, while the seller was CAP Investment Properties III.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,650,000
- Square Footage: 2,413
- Price per Square Foot: $683
- Address: 1104 S Blosser Rd
- Market: Santa Maria
Represented by brokers Luc Hawkshaw and Eric Mandell from one side, and Jeremy McChesney and Andrew Sprowl from the other, both the buyer and seller were well represented in the transaction.
Players
Santa Maria 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93