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2386 S Bonnyview Rd, Reddin...

Joel Tucker & Martin Agnew Acquire Retail Property In Redding For $3.1M
SOLDRetail

Joel Tucker & Martin Agnew Acquire Retail Property In Redding For $3.1M

2386 S Bonnyview Rd, Redding, CA, USA

$3,099,111

$343/SF

Building Size

9,026 SF

Asset Type

Retail

Closing

Mar 31, 2021

AI

A retail property located at 2386 S. Bonnyview Rd. in Redding has been sold. The sale took place on April 1, 2021. The property is spread across 9,026 square feet and was sold for a price of $3,099,111, resulting in a price per square foot of $343. The buyer, Joel Tucker and Martin Agnew, represented by Chris Naylon, acquired the property through their company 2807 West Sunset LLC. The seller was Redding BTS Retail LLC. The buyer's representatives in the transaction were Chris Naylon, while the seller was represented by Ryan Serling and Martin Agnew from the Agnew Serling Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,099,111
  • Date: April 1, 2021
  • Address: 2386 S. Bonnyview Rd., Redding
  • Market: Redding
  • Buyer: Joel Tucker & Martin Agnew - 2807 West Sunset LLC
  • Seller: Redding BTS Retail LLC
  • Buyer's Representative: Chris Naylon
  • Seller's Representatives: Ryan Serling and Martin Agnew - Agnew Serling Group
  • Square Footage: 9,026
  • Price Per Square Foot: $343

The buyer of the property, Joel Tucker and Martin Agnew, along with their representative Chris Naylon, successfully completed the acquisition. On the other hand, the seller, Redding BTS Retail LLC, entrusted the sale to the representatives Ryan Serling and Martin Agnew from the Agnew Serling Group.

Players

Ryan Rothstein-Serling

Marcus & Millichap

Broker

$523M

vol

126 deals

Broker
Martin Agnew

Martin Agnew

2807 West Sunset LLC

Buyer

$450M

vol

123 deals

Buyer

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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93