Updated Jul 6, 2026
SOLDRetail
Silverport Enterprises Acquires Retail Property At 207 N China Lake Blvd For $1,000,000
207 N China Lake Blvd
$1,000,000
$741/SF
Building Size
1,348 SF
Asset Type
Retail
Closing
Nov 11, 2021
About this deal
AI
The property involved in the transaction is a retail asset located at 207 N China Lake Blvd in Ridgecrest, with a total square footage of 1,348. The sale price was $1,000,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,000,000.00
- Address: 207 N China Lake Blvd
- Market: Ridgecrest
- Square Footage: 1,348
- Buyer: Silverport Enterprises
- Broker Representatives: Steve Haddadin - King Real Estate Group, Abdul Jobah
This transaction involved key individuals including the buyer Silverport Enterprises, represented by their designated brokers Steve Haddadin from King Real Estate Group and Abdul Jobah. Their roles were instrumental in facilitating this closed deal.
Players
Ridgecrest 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93