James Lin Acquires Retail Property In Hollister For $5.25M With Buyer's Rep Hirth Group
1250 East Park Street, Hollister, California 95023, United States
$5,250,000
$954/SF
Building Size
5,500 SF
Asset Type
Retail
Closing
Apr 14, 2022
AI
The retail property located at 1250 & 1270 E. Park St. in Hollister has been sold for $5,250,000. The transaction took place on April 15, 2022. The property spans an area of 5,500 square feet, resulting in a price per square foot of $954.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,250,000
- Address: 1250 & 1270 E. Park St., Hollister
- Market: Hollister
The buyer, James Lin, acquired the property from the seller, Justin Kaplan. Alex Reyhan and Daniel Hirth from Hirth Group represented the buyer, while Patrick Wade and Alex Kozakov from CBRE represented the seller.
Players
Hollister 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93