Starpoint Properties Sells Mission Viejo Retail Asset For $11M
26911 Trabuco Road, Mission Viejo, CA, USA
$11,000,000
$419/SF
Building Size
26,202 SF
Asset Type
Retail
Closing
Jul 15, 2020
AI
A retail property located at 26911 & 26921 Trabuco Road in Mission Viejo has been sold for a price of $11,000,000. The property spans 26,202 square feet, resulting in a price per square foot of $420. The transaction took place on July 15, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 26911 & 26921 Trabuco Road
- Market: Mission Viejo
- Square Footage: 26,202
- Price per Square Foot: $420
The seller of the retail property was Starpoint Properties. The transaction was facilitated by Matthew Mousavi & Patrick Luther from the National Net Lease Group, who represented the seller. The deal was brokered by SRS Real Estate Partners.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93