Chevron Acquires Retail Property In Orange County For $5.4M
SOLD
$5,400,000
California
See Similar DealsRetail20,099 SF
Sold 12/27/2021
SOLD
Chevron Acquires Retail Property In Orange County For $5.4M
17241 East 17th Street, Tustin, California 92780, United States
See Similar DealsRetail20,099 SF
Sold 12/27/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$268
Total Square Footage:20,099 SF
Transaction Type:Sale
The retail property located at 17241 17th St. in Orange County has been sold. The transaction took place on December 27, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,400,000
- Square Footage: 20,099
- Price Per Square Foot: $268
- Market: Orange County
The buyer of the property is Chevron, a well-known company in the energy sector. The deal was facilitated by the brokers Zack Williams and Gary Chou, who represented Chevron in the transaction. They are associated with Berkeley Capital Advisors, a reputable agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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