facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Sale

/

11604 Amargosa Rd, Victorvi...

11604 Amargosa Rd
SOLDRetail

11604 Amargosa Rd

11604 Amargosa Rd, Victorville, CA, 9...

$9,500,000

Building Size

Asset Type

Retail

Closing

Nov 19, 2023

AI

A six-tenant restaurant asset located at 11604 Amargosa Road in Victorville has been sold. The property, constructed in 2017, encompasses 11,300 square feet and was fully occupied at the time of the transaction. The selling price was $9,500,000, translating to $841 per square foot. The tenants include notable establishments such as Starbucks Coffee, Nekter Juice Bar, Which Wich, Pieology, Ono Hawaiian BBQ, and Café Rio.

Summary of transaction details:

  • Property Type: Restaurant
  • Transaction Amount: $9,500,000.00
  • Address: 11604 Amargosa Rd, Victorville, CA
  • Market: Victorville
  • Seller's Representatives: Chris DePierro, Jeff Conover
  • Buyer: Tutto USA

Jeff Conover and Chris DePierro from Faris Lee Investments represented the seller in this transaction while the buyer, Tutto USA, was aided by an undisclosed broker based in Los Angeles. The asset was fully leased at the time of sale, indicating a stable investment opportunity for the buyer.

Players

Chris DePierro

Broker

$83.7M

vol

6 deals

Broker

Victorville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93