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27980 Clinton Keith Road

SRS Real Estate Partners Represents Seller In $4M Sale Of Chase Bank In Murrieta
SOLDRetail

SRS Real Estate Partners Represents Seller In $4M Sale Of Chase Bank In Murrieta

27980 Clinton Keith Road

$4,000,000

$1,152/SF

Building Size

3,470 SF

Asset Type

Retail

Closing

Oct 25, 2024

AI

A retail asset located at 27980 Clinton Keith Road in Murrieta, California, was sold for $4,000,000. The property encompasses an area of 1.57 acres with a building size of 3,470 square feet, achieving a price per square foot of $1,153.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,000,000
  • Address: 27980 Clinton Keith Road
  • Market: Murrieta
  • Square Footage: 3,470
  • Price per Square Foot: $1,153
  • Cap Rate: 3.75%

The transaction involved representatives from SRS Real Estate Partners, including Vice President Winston Guest and Managing Principals Matthew Mousavi and Patrick Luther, who represented the seller. The buyer was a private investor also based in California.

Players

Patrick Luther

SRS Real Estate Partners

Broker

$949.3M

vol

62 deals

Broker

Murrieta 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93