facebook
Traded Co logo
Submit

Federal Realty Investment Trust Acquires Retail Asset In Monterey From American Assets Trust For $123.54M

Property Image
SOLD
$123,500,000
Gleb Lvovich
Eric Kathrein
+ 1

California

See Similar Deals
Retail673,155 SF
Sold 02/25/2025
the dealplayerscompscontact
Property Image
SOLD

Federal Realty Investment Trust Acquires Retail Asset In Monterey From American Assets Trust For $123.54M

1410 Del Monte Center

See Similar Deals
Retail673,155 SF
Sold 02/25/2025
Gleb Lvovich
Eric Kathrein
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$183
Total Square Footage:673,155 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 1410 Del Monte Center in the Monterey market. The sale price was $123,535,000, with a total square footage of 673,155, resulting in a price per square foot of $184.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $123,535,000
  • Address: 1410 Del Monte Center
  • Market: Monterey
  • Square Footage: 673,155
  • Price Per Square Foot: $184
  • Buyer: Federal Realty Investment Trust
  • Seller: American Assets Trust
  • Brokers: Gleb Lvovich, Eric Kathrein, Geoff Tranchina & Daniel Tyner - JLL

The key individuals involved in the deal include Gleb Lvovich, Eric Kathrein, Geoff Tranchina, and Daniel Tyner, who represented the parties in the transaction through JLL. The buyer, Federal Realty Investment Trust, and the seller, American Assets Trust, were pivotal in the completion of this retail property transaction.

Players

Eric Kathrein
20 deals$800.3M volume(415) 510-6961
BROKER

Daniel Tyner
JLL
64 deals$2.1B volume
BROKER

Gleb Lvovich
JLL
63 deals$2.2B volume
BROKER

Geoff Tranchina
JLL
48 deals$2.3B volume
BROKER

Federal Realty Investment Trust
BUYER

Details

SOLD
IMAGE: Gleb Lvovich, Eric Kathrein, Geoff Tranchina & Daniel Tyner DATE: 02/25/2025 ADDRESS: 1410 Del Monte Center MARKET: Monterey ASSET TYPE: Retail BUYER: Federal Realty Investment Trust SELLER: American Assets Trust BROKERS: Gleb Lvovich, Eric Kathrein, Geoff Tranchina & Daniel Tyner - JLL SALE PRICE: $123,535,000 SF: 673,155 ~ PPSF: $184

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

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

$6,586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$438,769.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$585,453.01
Annual Debt Service$7,025,436.08