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1250 East Park Street, Holl...

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

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

Alex Kozakov

CBRE

Broker

$349.3M

vol

17 deals

Broker

James Lin

Buyer

$5.3M

vol

2 deals

Buyer

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