Updated Oct 29, 2024
Carmen Haro Trust Acquires Retail Property In Coachella Valley For $1.16M
13418 Palm Dr, Desert Hot Springs, CA, USA
$1,160,000
$599/SF
Building Size
1,935 SF
Asset Type
Retail
Closing
Mar 15, 2021
About this deal
AI
The retail property located at 13418 Palm Drive in Coachella Valley has been sold. The transaction took place on March 16, 2021. The property, spanning 1,935 square feet, was sold for a price of $1,160,000, resulting in a price per square foot of $599. The sale was facilitated by T.C. Macker and Brian Hart from WESTMAC Commercial Brokerage Company, representing the buyer Carmen Haro Trust, and Jack Whalen from Kidder Mathews, representing the seller Edward Latourette.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,160,000
- Address: 13418 Palm Drive
- Market: Coachella Valley
- Buyer: Carmen Haro Trust
- Seller: Edward Latourette
- Buyer's Representative: T.C. Macker and Brian Hart from WESTMAC Commercial Brokerage Company
- Seller's Representative: Jack Whalen from Kidder Mathews
- Square Footage: 1,935
- Price per Square Foot: $599
- CAP Rate: 5.91%
This transaction showcases the involvement of T.C. Macker and Brian Hart from WESTMAC Commercial Brokerage Company in representing the buyer, Carmen Haro Trust, and Jack Whalen from Kidder Mathews in representing the seller, Edward Latourette.
On the Map
$1,160,000
$599/SF
Retail
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Players
Desert Hot Springs 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
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93