Updated Oct 28, 2024
DJM Capital Acquires Retail Property On Alicia Parkway In Mission Viejo For $39.5M
23972 Alicia Parkway, Mission Viejo, California 92677, United States
$39,500,000
$500/SF
Building Size
79,000 SF
Asset Type
Retail
Closing
Jan 24, 2022
About this deal
AI
The retail property located at 23972-24042 Alicia Parkway in Mission Viejo has been sold in a closed transaction. The property, spanning approximately 79,000 square feet, was acquired by DJM Capital from the Gerrity Group. The sale price for the retail asset was $39,500,000, resulting in a price per square foot of $500.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $39,500,000
- Address: 23972-24042 Alicia Parkway, Mission Viejo
- Market: Mission Viejo
- Buyer: DJM Capital
- Seller: Gerrity Group
- Brokers: Gleb Lvovich, Bryan Ley, Geoff Tranchina, and Daniel Tyner - JLL
- SF: 79,000
- PPSF: $500
The deal was facilitated by Gleb Lvovich, Bryan Ley, Geoff Tranchina, and Daniel Tyner from JLL, representing the buyer and seller in the transaction.
On the Map
$39,500,000
$500/SF
Retail
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Players
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93