Victor Buendia Of Progressive Real Estate Partners Facilitates $5.6M ARCO Sale In Apple Valley
15333 Rancherias Rd, Apple Valley, C...
$5,600,000
Building Size
—
Asset Type
Retail
Closing
Nov 22, 2023
AI
The freestanding ARCO Gas Station and AM/PM convenience store located at 15333 Rancherias Road in Apple Valley has been sold for $5.6 million. Built in 1998, the property features six dispensers with 16 fueling positions along with a 2,737-square-foot convenience store. The transaction involved undisclosed parties representing the buyer and seller.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,600,000.00
- Address: 15333 Rancherias Rd, Apple Valley
- Market: Apple Valley
- Buyer's Rep: Victor Buendia - Progressive Real Estate Partners
- Seller: Unknown
Victor Buendia of Progressive Real Estate Partners played a crucial role in facilitating the deal as the representative of both the buyer and the seller. The transaction for the ARCO Gas Station and convenience store signifies a significant investment in the Apple Valley market, showcasing the continued interest in retail properties in the area.
Players
Apple Valley 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93