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2700 Willow Pass Road, Pitt...

Asgar Padash Acquires Retail Property In Antioch For $10.9M
SOLDRetail

Asgar Padash Acquires Retail Property In Antioch For $10.9M

2700 Willow Pass Road, Pittsburg, California 94565, United States

$10,900,000

$777/SF

Building Size

14,022 SF

Asset Type

Retail

Closing

Jun 8, 2022

AI

Located in Antioch, Pittsburg, and the East Bay area, a retail property at 2700 Willow Pass Rd. has recently been sold in a closed transaction. The property spans over 14,022 square feet and was sold for a price of $10,900,000, resulting in a price per square foot of $777. The transaction took place on June 9, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,900,000
  • Address: 2700 Willow Pass Rd.
  • Market: Antioch, Pittsburg, East Bay

The buyer of the retail property was Asgar Padash, while the seller was David Rosen. Representing both parties in this transaction were Daniel Gonzalez and Johnny Blue Craig from Matthews Real Estate Investment Services.

Players

Johnny Blue Craig, Jr

Matthews

Broker

$79M

vol

10 deals

Broker
David Rosen

David Rosen

Seller

$45.4M

vol

5 deals

Seller

Bay Point 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

1.46%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93