Updated Dec 21, 2023
Floyd Shaheen & Brandon Michaels Sell Palmdale Retail Property For $3.175M
1870 East Palmdale Boulevard, Palmdale, CA 93550, USA
$3,500,000
$363/SF
Building Size
9,624 SF
Asset Type
Retail
Closing
Apr 18, 2019
About this deal
AI
A retail property located at 1870 E Palmdale Blvd in Palmdale, with an updated sale price of $3.175 million, has recently been transacted. The property spans an area of 9,624 square feet, resulting in a price per square foot of $329.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3.175 million
- Address: 1870 E Palmdale Blvd
- Market: Palmdale
Floyd Shaheen & Brandon Michaels served as the brokers for this transaction.
The retail sale at 1870 East Palmdale Boulevard, Palmdale, CA 93550, USA in Palmdale, California sold for $3.5M in 2019. The building is 9,624 square feet, implying about 363 per square foot on the published price. Floyd Shaheen, Brandon Michaels, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Palmdale, California file for the 1870 East Palmdale Boulevard, Palmdale, CA 93550, USA retail sold: pricing, party profiles, and other closed retail comps from the same Palmdale sit in the Market section below. Filter that Palmdale retail set by closing date to see what else sold near 1870 East Palmdale Boulevard, Palmdale, CA 93550, USA around 2019. Published consideration for 1870 East Palmdale Boulevard, Palmdale, CA 93550, USA is $3.5M, dated 2019. Cite this Floyd Shaheen & Brandon Michaels Sell Palmdale Retail Property For $3.175M sale when underwriting similar retail product around Palmdale, California.
Players
Palmdale 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93