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14444 Atstar Street

Del Amo Motorsports Acquires Retail Property In Victorville For $5.8M From Don Lager
SOLDRetail

Del Amo Motorsports Acquires Retail Property In Victorville For $5.8M From Don Lager

14444 Atstar Street

$5,800,000

$67/SF

Building Size

86,628 SF

Asset Type

Retail

Closing

Jun 6, 2025

AI

The property involved in this transaction is a retail asset located at 14444 Atstar Street in Victorville. The sale was finalized at a price of $5,800,000, encompassing a total square footage of approximately 86,628. The price per square foot stands at $66.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Buyer: Del Amo Motorsports
  • Seller: Don Lager
  • Brokerage: Kidder Mathews
  • Date of Sale: 6/6/2025
  • Previous Occupant: Howard's Furniture
  • Vacancy Period: Fully vacant since January 2025

The deal was facilitated by a team of brokers including Dane Garson, Jay Martinez, and Elizabeth Clark, who effectively repositioned the asset and navigated the complexities of zoning changes and city approvals to secure a committed buyer in a competitive market.

Players

Jay Martinez

Kidder Mathews

Broker

$145.3M

vol

41 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Victorville 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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93