Updated Jan 15, 2025
Marcus & Millichap Brokers $4.6M Sale Of Main Street Shops Retail Center In Oakley
2170 Main Street
$4,600,000
$423/SF
Building Size
10,867 SF
Asset Type
Retail
Closing
Jan 9, 2025
About this deal
AI
The 10,867-square-foot Main Street Shops retail center, located at 2170 Main Street in Oakley, Calif., was sold for $4,600,000. The asset, constructed in 2007, features seven suites and is positioned within the Oakley market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,600,000
- Square Footage: 10,867
- Price Per Square Foot: $423
- Address: 2170 Main Street
- Market: Oakley
Quentin Caruso and Vince Schwab of Marcus & Millichap represented the developer-seller in the transaction and successfully secured a private investor as the buyer for the property.
On the Map
$4,600,000
$423/SF
Retail
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Players
Oakley 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93