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27355 Jefferson Avenue

Bing & Jerry Udinsky Acquire Temecula Retail Property For $10.55M
SOLDRetail

Bing & Jerry Udinsky Acquire Temecula Retail Property For $10.55M

27355 Jefferson Avenue

$10,550,000

$301,428/SF

Building Size

35 SF

Asset Type

Retail

Closing

Jan 9, 2022

AI

27355 Jefferson Ave in Temecula has been sold in a recent transaction. The retail property, with a total area of 35,000 square feet, was purchased by Bing & Jerry Udinsky. The sellers, Mok Sighn and Roger Mahil, were represented by Benji Gribnau, Leor Binshtock, and Jake Zacuto from Zacuto Group, Inc. The sale price for this transaction was $10,550,000, resulting in a price per square foot of $301.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,550,000
  • Address: 27355 Jefferson Ave, Temecula
  • Market: Temecula

The buyers in this deal, Bing & Jerry Udinsky, successfully acquired the property at 27355 Jefferson Ave. On the other side, Mok Sighn and Roger Mahil acted as the sellers. The transaction was facilitated by Benji Gribnau, Leor Binshtock, and Jake Zacuto from Zacuto Group, Inc.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Temecula 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

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93