Updated Oct 28, 2024
Kaidence Group Sells Retail Property In Mojave For $4.6M
15652 Sierra Highway, Mojave, California 93501, United States
$4,600,000
$1,533/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 7, 2022
About this deal
AI
The retail property located at 15652 Sierra Highway in Mojave was sold by the Kaidence Group. The transaction took place on 07/08/2022 and the property was sold for $4,600,000. The retail space has a total area of 3,000 square feet, resulting in a price per square foot of $1,533. Bill Asher and Jeff Lefko from Hanley Investment Group represented the seller as the brokers in this deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 15652 Sierra Highway, Mojave
- Square Footage: 3,000
- Price per Square Foot: $1,533
Bill Asher and Jeff Lefko of Hanley Investment Group played a crucial role as the brokers representing the seller, Kaidence Group, in this retail property transaction.
Players
Mojave 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93