Updated Oct 28, 2024
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
About this deal
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
Martinez 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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93