Kimco Realty Sells Olympia Place Retail Complex In Walnut Creek For $44.5M
1697 Mount Diablo Boulevard
$44,500,000
Building Size
—
Asset Type
Retail
Closing
Jan 12, 2024
AI
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.
Players
Walnut Creek 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93