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15333 Rancherias Rd, Apple ...

Victor Buendia Of Progressive Real Estate Partners Facilitates $5.6M ARCO Sale In Apple Valley
SOLDRetail

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

Victor Buendia

Broker

$55.9M

vol

9 deals

Broker

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