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Ron Levi Acquires Retail Property In Victorville For $5.4M With Seller's Rep CBRE

Property Image
SOLD
$5,400,000
Kyle Woods
Dan Riley
Bill Durslag
+ 2

California

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Retail9,000 SF
Sold 12/20/2022
the dealplayerscompscontact
Property Image
SOLD

Ron Levi Acquires Retail Property In Victorville For $5.4M With Seller's Rep CBRE

12274 Palmdale Road

See Similar Deals
Retail9,000 SF
Sold 12/20/2022
Kyle Woods
Dan Riley
Bill Durslag
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$600
Total Square Footage:9,000 SF
Transaction Type:Sale

The retail property located at 12274 Palmdale Road in Victorville has been sold for a price of $5,400,000. The property spans a total of 9,000 square feet, resulting in a price per square foot of $600.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,400,000
  • Address: 12274 Palmdale Road, Victorville
  • Square Footage: 9,000
  • Price per Square Foot: $600

The buyer of the property is Ron Levi, while the seller is Ryuichi Hamada. The transaction was facilitated by CBRE, with Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, and Kyle Woods representing the seller in the deal.

Players

Simon Mattox
Kidder Mathews
Simon Mattox
20 deals$414.9M volume
BROKER
Dan Riley
CBRE
Dan Riley
17 deals$524.7M volume
BROKER
Bill Durslag
CBRE
Bill Durslag
17 deals$391.9M volume
BROKER
Austin Wolitarsky
CBRE
Austin Wolitarsky
21 deals$465.1M volume
BROKER
Kyle Woods
CBRE
Kyle Woods
15 deals$375.7M volume
BROKER

Details

SOLD
IMAGE: Austin Wolitarsky, Dan Riley, Simon Mattox, Bill Durslag & Kyle Woods DATE: 12/20/2022 ADDRESS: 12274 Palmdale Road MARKET: Victorville ASSET TYPE: Retail BUYER: Ron Levi SELLER: Ryuichi Hamada SELLER'S REP: Simon Mattox (@Simonmattox), Austin Wolitarsky (@Wallyboyuee), Dan Riley, Bill Durslag & Kyle Woods (@Kwoodz_) - CBRE SALE PRICE: $5,400,000 SF: 9,000 ~ PPSF: $600

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$288,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06