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Kimco Realty Sells Olympia Place Retail Complex In Walnut Creek For $44.5M
SOLD
$44,500,000
California
See Similar DealsRetail
Sold 01/12/2024
SOLD
Kimco Realty Sells Olympia Place Retail Complex In Walnut Creek For $44.5M
1697 Mount Diablo Boulevard
See Similar DealsRetail
Sold 01/12/2024
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
The Olympia Place retail complex in California's East Bay has been sold for $44.5 million. The property, located at 1697 Mount Diablo Boulevard in Walnut Creek, was acquired by a Los Angeles area-based investor group. The transaction was confirmed by documents filed with Contra Costa County.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $44,500,000
- Address: 1697 Mount Diablo Boulevard
- Market: Walnut Creek
The seller of the Olympia Place retail complex is Conor C. Flynn, representing Kimco Realty. Kimco Realty successfully completed the sale of the property to the investor group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$158,099.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,952.70
Annual Debt Service$2,531,432.43
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