Updated Oct 29, 2024
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
About this deal
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.
On the Map
$14,500,000
$537/SF
Retail
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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