Updated Jun 5, 2025
Mark Moshayedi Purchases Retail Property From Simon Zhang For $8.9 Million In San Clemente
2727 Via Cascadita
$8,900,000
$357/SF
Building Size
24,933 SF
Asset Type
Retail
Closing
May 23, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 2727 Via Cascadita in the San Clemente market. It was sold for a total price of $8,900,000. The asset spans 24,933 square feet, with a price per square foot of $356.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,900,000
- Address: 2727 Via Cascadita
- Market: San Clemente
- Square Footage: 24,933
- Price Per Square Foot: $356
- Buyer: Mark Moshayedi
- Seller: Simon Zhang
- Buyer’s Representative: Arteen Zahiri - Marcus & Millichap
- Brokers: Tony Azzi & Rabbie Banafsheha - Marcus & Millichap
The key individuals and companies involved in the transaction include Mark Moshayedi as the buyer and Simon Zhang as the seller. Arteen Zahiri of Marcus & Millichap represented the buyer, while the brokers Tony Azzi and Rabbie Banafsheha, also from Marcus & Millichap, facilitated the deal.
On the Map
$8,900,000
$357/SF
Retail
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Players
San Clemente 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93