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California Beemers Acquires Retail Property In Costa Mesa For $8M

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SOLD
$8,000,000

California

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Retail28,432 SF
Sold 07/15/2020
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Property Image
SOLD

California Beemers Acquires Retail Property In Costa Mesa For $8M

1425 Baker St, Costa Mesa, CA, USA

See Similar Deals
Retail28,432 SF
Sold 07/15/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$281
Total Square Footage:28,432 SF
Transaction Type:Sale

California Beemers recently acquired a retail property in Costa Mesa for a total sale price of $8,000,000. Located at 1425 Baker St. and 1470 Dale Way, the property spans 28,432 square feet, resulting in a purchase price per square foot of $281. The transaction took place on 07/15/2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,000,000
  • Square Footage: 28,432
  • Address: 1425 Baker St. & 1470 Dale Way, Costa Mesa

Shy Assar, representing California Beemers, brokered the deal. The seller, Bill Story, was also involved in the transaction. The loan amount of $5,600,000 was provided by City National Bank, with Ray Rowshankhah representing the lending institution.

Players

Shy Assar
Shy Assar
5 deals$248.7M volume
BROKER
City National Bank
City National Bank
LENDER

Details

SOLD
IMAGE: & LOAN IMAGE: Shy Assar & Ray Rowshankhah DATE: 07/15/2021 ADDRESS: 1425 Baker St. & 1470 Dale Way MARKET: Costa Mesa ASSET TYPE: Retail BUYER: California Beemers (@CaliforniaBeemers) SELLER: Bill Story BROKER: Shy Assar (@Shayan_A_) SALE PRICE: $8,000,000 SF: 28,432 ~ PPSF: $281 LOAN AMOUNT: $5,600,000 LENDER: City National Bank - Ray Rowshankhah (@Ramin.Rowshankhah)

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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