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Zecharia Hovav Purchases Arroyo Grande Town & Country Square From Tracy Liskey Del Rio For $5M

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SOLD
$5,000,000

California

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Retail26,750 SF
Sold 07/07/2025
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Property Image
SOLD

Zecharia Hovav Purchases Arroyo Grande Town & Country Square From Tracy Liskey Del Rio For $5M

1404 1460 East Grand Avenue

See Similar Deals
Retail26,750 SF
Sold 07/07/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$186
Total Square Footage:26,750 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 1404-1460 East Grand Avenue in Arroyo Grande, California. It encompasses a total area of 26,750 square feet and was sold for $5,000,000, resulting in a price per square foot of $186.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,000,000
  • Address: 1404-1460 East Grand Avenue
  • Market: Arroyo Grande
  • Square Footage: 26,750
  • Price Per Square Foot: $186
  • Buyer: Zecharia Hovav
  • Seller: Tracy Liskey Del Rio
  • Broker: Connor Martin - Allure Capital Management

Connor Martin of Allure Capital Management facilitated the transaction, representing both the buyer and seller. Notably, this sale was part of the buyer’s up-leg in a 1031 Exchange. The entire transaction was completed in a period of 35 days from the listing agreement execution to the closing date.

Players

Connor Martin
5 deals$161.1M volume
BROKER

Allure Capital Management
BROKERAGE


SELLER

Details

SOLD
IMAGE: Connor Martin DATE: 07/07/2025 ADDRESS: 1404-1460 East Grand Avenue MARKET: Arroyo Grande ASSET TYPE: Retail BUYER: Zecharia Hovav SELLER: Tracy Liskey Del Rio BROKER: Connor Martin (@ChMartin88) - Allure Capital Management SALE PRICE: $5,000,000 SF: 26,750 ~ PPSF: $186 NOTE FROM BROKER: Allure Capital Management brokered the sale of Arroyo Grande Town & Country Square, a 13-tenant retail center located in the Central Coast community of Arroyo Grande, California. Connor Martin of Allure Capital Management represented both the buyer and the seller in this transaction, which served as the buyer’s up-leg in a 1031 Exchange. The entire deal was completed in just 35 days from the execution of the listing agreement to the closing date.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
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