Updated Oct 28, 2024
Bac Tran Acquires Retail Property In Bay Area For $8.95M
1420 Travis Boulevard, Fairfield, California 94533, United States
$8,950,000
$60/SF
Building Size
147,108 SF
Asset Type
Retail
Closing
Mar 30, 2022
About this deal
AI
A retail property located at 1420 Travis Blvd in the Bay Area was recently sold for $8,950,000. The property spans 147,108 square feet, resulting in a price per square foot of $61. The transaction took place on March 31, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,950,000
- Address: 1420 Travis Blvd
- Market: Bay Area
The buyer of the property was Bac Tran, while the seller was Seritage Growth Properties. The deal was facilitated by brokers Daniel Tyner and Gleb Lvovich from JLL.
Players
Fairfield 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
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93