Updated Oct 29, 2024
Eddie Rodriguez Acquires Sprouts Farmers Market In Lancaster, CA For $10.6M
15th St W Lancaster, Ca, Usa
$10,570,000
$454/SF
Building Size
23,256 SF
Asset Type
Retail
Closing
Jul 24, 2023
About this deal
AI
A newly constructed Sprouts Farmers Market in Lancaster, CA has been sold for $10,570,000. The property is located on 15th Street West & West Avenue K in the retail market of Lancaster. It offers a total square footage of 23,256, resulting in a price per square foot of $455.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,570,000
- Address: 15th Street West & West Avenue K, Lancaster, CA
- Market: Lancaster
- Square Footage: 23,256
- Price per Square Foot: $455
Eddie Rodriguez is the buyer of this Sprouts Farmers Market property. The transaction was facilitated by broker Jeff Gates of The Kase Group, who represented Partners, Produce, Inc. in the purchase. The Sprouts Farmers Market anchors a new development in Lancaster, with neighboring retailers including Chick-Fil-A, Dutch Bros, Taco Bell, One Hawaiian BBQ, and more.
On the Map
$10,570,000
$454/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93