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
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