Khasigian Properties LP Acquires Santa Maria Retail Property For $1.65M
SOLD
$1,650,000
+ 1
California
See Similar DealsRetail24,130 SF
Sold 09/03/2020
SOLD
Khasigian Properties LP Acquires Santa Maria Retail Property For $1.65M
1104 S Blosser Rd, Santa Maria, CA 93458, USA
See Similar DealsRetail24,130 SF
Sold 09/03/2020
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$68
Total Square Footage:24,130 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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