Updated Oct 29, 2024
Private Investor Acquires Retail Property For $5.6M In Rosamond, CA
2536 Rosamond BLVD, Rosamond, CA...
$5,600,000
$1,828/SF
Building Size
3,062 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is a 3,062-square-foot 7-Eleven convenience store with a gas station located at 2536 Rosamond Blvd in Rosamond, CA. The asset was purchased by a San Diego-based private investor for $5.6 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,600,000.00
- Address: 2536 Rosamond Blvd, Rosamond, CA
- Market: Rosamond
- Buyer's Representative: Lindsey Kalal (Kalal Investment Realty)
- Seller: Net Lease Alliance
Lindsey Kalal from Coronado-based Kalal Investment Realty represented the buyer in the purchase of the 7-Eleven convenience store. The seller was represented by Bill Asher and Jeff Lefko of Hanley Investment Group Real Estate Advisors. This transaction is part of a series of four single-tenant, net-leased investments sold at a shopping center in Rosamond, with a total consideration of $19.3 million.
Rosamond 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93