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12274 Palmdale Road

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

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

12274 Palmdale Road

$5,400,000

$600/SF

Building Size

9,000 SF

Asset Type

Retail

Closing

Dec 20, 2022

AI

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

Broker

$414.9M

vol

20 deals

Broker

Victorville 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93