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1165 Arnold Drive, Martinez...

Isam Khoury Acquires Retail Property In San Francisco For $9.55M With Buyer's Rep Rachel Kram & Seller's Rep Dave Lucas
SOLDRetail

Isam Khoury Acquires Retail Property In San Francisco For $9.55M With Buyer's Rep Rachel Kram & Seller's Rep Dave Lucas

1165 Arnold Drive, Martinez, California 94553, United States

$9,550,000

$320/SF

Building Size

29,813 SF

Asset Type

Retail

Closing

Mar 21, 2022

AI

1165 Arnold Dr. in San Francisco has been sold in a retail transaction for a price of $9,550,000. The property spans 29,813 square feet, resulting in a price per square foot of $320. The sale took place on March 22, 2022. The buyer is Isam Khoury, while the seller is The Niki Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $9,550,000
  • Square footage: 29,813
  • Price per Square Foot: $320
  • Date: March 22, 2022
  • Address: 1165 Arnold Dr.
  • Market: San Francisco

The buyer's representative in this transaction is Rachel Kram and David Kram from Lockehouse. Representing the seller are Dave Lucas from CP Partners, and Brandon Norton and Robert Dim from Norton Capital Inc.

Players

Rachel Kram

Lockehouse Retail Group

Broker

$17.5M

vol

2 deals

Broker

Isam Khoury

Buyer

$17.5M

vol

2 deals

Buyer
The Niki Group
The Niki GroupSeller

Martinez 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

1.66%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93