Rudy Caamano Acquires Retail Property In Fountain Valley For $9.8M
16650 South Harbor Boulevard
$9,800,000
$215/SF
Building Size
45,453 SF
Asset Type
Retail
Closing
Feb 5, 2024
AI
The property involved in this transaction is a retail asset located at 16650 South Harbor Boulevard in Fountain Valley. The property spans across 45,453 square feet and was sold for a price of $9,800,000, resulting in a price per square foot of $216.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,800,000
- Square Footage: 45,453
- Address: 16650 South Harbor Boulevard
- Market: Fountain Valley
The buyer in this transaction was Rudy Caamano, while the seller was Stephen Donell. The deal was facilitated by brokers Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap.
Players
Fountain 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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93