Joel Tucker & Martin Agnew Sell Retail Property In Redding For $3.7M
2386 South Bonnyview Road, Redding, CA 96001
$3,657,500
$397/SF
Building Size
9,206 SF
Asset Type
Retail
Closing
Dec 16, 2021
AI
The retail property located at 2386 S. Bonnyview Rd. in Redding has been sold for a total price of $3,657,500. The transaction took place on December 16, 2021. Covering an area of 9,206 square feet, the property was sold at a price per square foot of $397. The sellers of the property were Joel Tucker and Martin Agnew.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $3,657,500
- Address: 2386 S. Bonnyview Rd.
- Market: Redding
- Square Footage: 9,206
The sellers were represented by Martin Agnew and Ryan Serling of Agnew Serling Group from Marcus & Millichap. The CAP rate for the property is 4.58% according to a note provided by the @AgnewSerlingGroup on Instagram.
Players
Redding 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
4.34%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93