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.
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