Meridian Sells Retail Property In Livermore For $10.4M With Bill Asher & Jeff Lefko - Hanley Investment Group Real Estate Advisors
SOLD
$10,400,000
California
See Similar DealsRetail4 SF
Sold 12/19/2022
SOLD
Meridian Sells Retail Property In Livermore For $10.4M With Bill Asher & Jeff Lefko - Hanley Investment Group Real Estate Advisors
1754 North Livermore Avenue, Livermore, California 94551, United States
See Similar DealsRetail4 SF
Sold 12/19/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,600,000
Total Square Footage:4 SF
Transaction Type:Sale
The retail property located at 1754 N. Livermore Avenue in Livermore has been sold for a total price of $10,400,000. The property spans 1.61 acres and has a building size of 4,821 square feet. The transaction took place on December 19, 2022. The seller in this deal was Meridian.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $10,400,000
- Acres: 1.61
- Square Feet: 4,821
- Address: 1754 N. Livermore Avenue
- Market: Livermore
The sale of this retail property was facilitated by Bill Asher and Jeff Lefko from Hanley Investment Group Real Estate Advisors acting as brokers. They represented Meridian in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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