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
Murrieta Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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