Michael Shanfeld Acquires Retail Property In Ventura County For $5.08M
SOLD
$5,085,000
California
See Similar DealsRetail16,500 SF
Sold 12/10/2019
SOLD
Michael Shanfeld Acquires Retail Property In Ventura County For $5.08M
2709 E Main St, Ventura, Ventura County, CA, USA
See Similar DealsRetail16,500 SF
Sold 12/10/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$308
Total Square Footage:16,500 SF
Transaction Type:Sale
Located in Ventura County, the retail property at 2709 E Main St has been sold in a recent transaction. The sale took place on December 10, 2019, with Michael Shanfeld acquiring the property from The NikiGroup. The deal was facilitated by broker Lior Regenstreif.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,085,000
- Address: 2709 E Main St
- Square Footage: 16,500
- Price per Square Foot: $308.18
- Market: Ventura County
The buyer, Michael Shanfeld, successfully completed the acquisition of the property from The NikiGroup. Lior Regenstreif represented both parties as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,065.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,105.49
Annual Debt Service$289,265.93
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