Spectrum Commercial Real Estate Brokers Sell Santa Clarita Retail Property For $3.1M
SOLD
$3,100,000
California
See Similar DealsRetail6,087 SF
Sold 06/30/2023
SOLD
Spectrum Commercial Real Estate Brokers Sell Santa Clarita Retail Property For $3.1M
25150 Rye Canyon Rd Santa Clarita, CA 91355, USA
See Similar DealsRetail6,087 SF
Sold 06/30/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$509
Total Square Footage:6,087 SF
Transaction Type:Sale
The retail property located at 25150-25158 Rye Canyon Rd in Santa Clarita has been sold for a price of $3,100,000. The property spans across 6,087 square feet, resulting in a price per square foot of $509.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,100,000
- Address: 25150-25158 Rye Canyon Rd, Santa Clarita
- Square Footage: 6,087
- Price Per Square Foot: $509
- Market: Santa Clarita
The sale of this retail property was facilitated by Randy Cude and Connor Quan from Spectrum Commercial Real Estate. They represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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