Carmen Haro Trust Acquires Retail Property In Coachella Valley For $1.16M
SOLD
$1,160,000
+ 1
California
See Similar DealsRetail1,935 SF
Sold 03/16/2021
SOLD
Carmen Haro Trust Acquires Retail Property In Coachella Valley For $1.16M
13418 Palm Dr, Desert Hot Springs, CA, USA
See Similar DealsRetail1,935 SF
Sold 03/16/2021
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$599
Total Square Footage:1,935 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,121.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,498.99
Annual Debt Service$65,987.90
Is there something missing? Send suggestions