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

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SOLD
$14,500,000

California

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Retail27,000 SF
Sold 01/04/2021
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Property Image
SOLD

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

22922 Los Alisos Blvd, Mission Viejo, CA, USA

See Similar Deals
Retail27,000 SF
Sold 01/04/2021
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$537
Total Square Footage:27,000 SF
Transaction Type:Sale

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

10 deals$355.7M volume
SELLER

Details

SOLD
IMAGE: William Shopoff DATE: 01/04/2021 ADDRESS: 22922 Los Alisos Blvd MARKET: Mission Viejo ASSET TYPE: Retail BUYER: Harbor Asset Management SELLER: Shopoff Realty Investments - William Shopoff PRICE: $14,500,000 SF: 27,000 ~ PPSF: $537

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$773,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77