Pismo Beach Retail Property Sold For $1.15M With Brokers Ray Rodriguez & Mathew Freedman
SOLD
$1,150,000
California
See Similar DealsRetail2,696 SF
Sold 05/04/2021
SOLD
Pismo Beach Retail Property Sold For $1.15M With Brokers Ray Rodriguez & Mathew Freedman
200 5 Cities Drive, Pismo Beach, CA, USA
See Similar DealsRetail2,696 SF
Sold 05/04/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$426
Total Square Footage:2,696 SF
Transaction Type:Sale
A retail property located at 200 Five Cities Dr. in Pismo Beach has been sold for $1,150,000. The property spans 2,696 square feet and was sold at a price per square foot of $426. The transaction took place on May 4, 2021, with a cap rate of 6.3%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,150,000
- Square Footage: 2,696
- Price per Square Foot: $426
- Cap Rate: 6.3%
The sale of the retail property was facilitated by brokers Ray Rodriguez and Mathew Freedman of Lucrumre - KWCommercialSocal. They represented the parties involved in the transaction, bringing together the buyer and seller to successfully close the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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