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12491 Valley View Street, G...

MK Capital Partners GG, LLC Acquires Retail Property In Garden Grove For $5.33M
SOLDRetail

MK Capital Partners GG, LLC Acquires Retail Property In Garden Grove For $5.33M

12491 Valley View Street, Garden Grove, California 92845, United States

$5,330,000

$197,407/SF

Building Size

27 SF

Asset Type

Retail

Closing

Apr 17, 2023

AI

The retail property located at 12491 Valley View Street in Garden Grove has been sold. The sale was completed on January 16, 2023. The property, measuring 27,650 square feet, was acquired by MK Capital Partners GG, LLC. The transaction was facilitated by brokers Adam Friedlander and Richard Rizika from Beta Agency. The sale price for the property was $5,330,000, resulting in a price per square foot of $193.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,330,000
  • Square Footage: 27,650
  • Address: 12491 Valley View Street, Garden Grove
  • Market: Garden Grove

Richard Rizika was the representative from Beta Agency involved in the deal along with Adam Friedlander. The successful transaction highlights the expertise of MK Capital Partners GG, LLC in the retail market of Garden Grove.

Players

Adam Friedlander

Colliers

Broker

$63.6M

vol

11 deals

Broker

Garden Grove 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

2.98%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93