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James Lin Acquires Retail Property In Hollister For $5.25M With Buyer's Rep Hirth Group

Property Image
SOLD
$5,250,000
Daniel Hirth
Alex Reyhan
+ 2

California

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Retail5,500 SF
Sold 04/15/2022
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Property Image
SOLD

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

See Similar Deals
Retail5,500 SF
Sold 04/15/2022
Daniel Hirth
Alex Reyhan
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$954
Total Square Footage:5,500 SF
Transaction Type:Sale

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

Alex Kozakov
17 deals$349.3M volume(949) 285-3424
BROKER

Alex Reyhan
The Hirth Group
47 deals$187M volume
BROKER

Daniel Hirth
The Hirth Group
71 deals$222.8M volume
BROKER

Patrick Wade
CBRE
17 deals$349.3M volume
BROKER

Details

SOLD
IMAGE: Alex Reyhan, Daniel Hirth, Patrick Wade & Alex Kozakov DATE: 04/15/2022 ADDRESS: 1250 & 1270 E. Park St. MARKET: Hollister ASSET TYPE: Retail BUYER: James Lin SELLER: Justin Kaplan BUYER’S REP: Alex Reyhan (@Ry__All) & Daniel Hirth (@DHirth5) - Hirth Group (@HirthGroup) SELLER’S REP: Patrick Wade (@PatWade40) & Alex Kozakov (@AKozakov) - CBRE (@Cbre) SALE PRICE: $5,250,000 SF: 5,500 ~ PPSF: $954

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

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14