Updated Oct 25, 2024
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
About this deal
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.
On the Map
$10,900,000
$777/SF
Retail
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Players
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