Updated Oct 28, 2024
DJM Capital Partners Acquires Mission Viejo Retail Property For $39.5M
24000 Alicia Parkway, Mission Viejo, California 92691, United States
$39,500,000
$500/SF
Building Size
79,000 SF
Asset Type
Retail
Closing
Jan 23, 2022
About this deal
AI
Located in Mission Viejo, the retail property at 24000 Alicia Parkway has been sold in a recent transaction. The sale was facilitated by DJM Capital Partners, represented by Lindsay Parton, and the seller was Gerrity Group.
Summary of transaction details
- Property Type: Retail
- Sale Price: $39,500,000
- Square Footage: 79,000
- Price per Square Foot: $500
This significant sale involved DJM Capital Partners, with Lindsay Parton serving as their representative. On the other side of the deal, Gerrity Group was the seller. The successful transaction reflects the thriving real estate market in Mission Viejo.
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