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22922 Los Alisos Blvd, Miss...

Harbor Asset Management Acquires Retail Property In Mission Viejo For $14.5M
SOLDRetail

Harbor Asset Management Acquires Retail Property In Mission Viejo For $14.5M

22922 Los Alisos Blvd, Mission Viejo, CA, USA

$14,500,000

$537/SF

Building Size

27,000 SF

Asset Type

Retail

Closing

Jan 3, 2021

AI

The retail property located at 22922 Los Alisos Blvd in Mission Viejo has been sold for $14,500,000. Spanning over 27,000 square feet, the property was purchased by Harbor Asset Management from the seller, Shopoff Realty Investments represented by William Shopoff. This transaction reflects a price per square foot of $537.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,500,000
  • Address: 22922 Los Alisos Blvd, Mission Viejo
  • Market: Mission Viejo
  • Buyer: Harbor Asset Management
  • Seller: Shopoff Realty Investments - William Shopoff
  • Square Footage: 27,000
  • Price per Square Foot: $537

The deal was facilitated by William Shopoff, who represented Shopoff Realty Investments in the transaction. Harbor Asset Management acquired the retail property in Mission Viejo for the aforementioned price, adding to their portfolio of assets.

Players

William Shopoff

Shopoff Realty Investments

Seller

$355.7M

vol

10 deals

Seller

Mission Viejo 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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93