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

Property Image
SOLD
$4,000,000
Winston Guest
Matthew Mousavi
Patrick Luther

California

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Retail3,470 SF
Sold 10/25/2024
the dealplayerscompscontact
Property Image
SOLD

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

27980 Clinton Keith Road

See Similar Deals
Retail3,470 SF
Sold 10/25/2024
Winston Guest
Matthew Mousavi
Patrick Luther
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,152
Total Square Footage:3,470 SF
Transaction Type:Sale

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
Patrick Luther
62 deals$949.3M volume
BROKER
Matthew Mousavi
SRS Real Estate Partners
Matthew Mousavi
75 deals$1.1B volume
BROKER
Winston Guest
SRS Real Estate Partners
Winston Guest
8 deals$98.7M volume
BROKER

Details

SOLD
IMAGE: Matthew Mousavi, Patrick Luther & Winston Guest DATE: 10/25/2024 ADDRESS: 27980 Clinton Keith Road MARKET: Murrieta ASSET TYPE: Retail ~ ACRES: 1.57 BROKERS: Matthew Mousavi, Patrick Luther (@Luther_Companies) & Winston Guest (@WinstonGuest) - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $4,000,000 SF: 3,470 ~ PPSF: $1,153 NOTE: SRS Real Estate Partners arranged the $4 million ground lease sale of a newly constructed 3,470-square-foot Chase Bank property in Murrieta, California, achieving a record low 3.75% cap rate. Vice President Winston Guest and Managing Principals Matthew Mousavi and Patrick Luther represented the California-based seller, with the buyer also being a private investor from California.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49