Joel Tucker & Martin Agnew Sell Retail Property In Redding For $3.7M
SOLD
$3,657,500
California
See Similar DealsRetail9,206 SF
Sold 12/16/2021
SOLD
Joel Tucker & Martin Agnew Sell Retail Property In Redding For $3.7M
2386 South Bonnyview Road, Redding, CA 96001
See Similar DealsRetail9,206 SF
Sold 12/16/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$397
Total Square Footage:9,206 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$195,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,994.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,338.42
Annual Debt Service$208,060.99
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