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27981 Greenspot Road

G & M Oil Company Purchases Chevron Station And ExtraMile Convenience Store For $9.5M In Highland
SOLDRetail

G & M Oil Company Purchases Chevron Station And ExtraMile Convenience Store For $9.5M In Highland

27981 Greenspot Road

$9,500,000

Building Size

Asset Type

Retail

Closing

Nov 6, 2024

AI

The property asset involved in this transaction is a Chevron Station, ExtraMile convenience store, and Express Car Wash located at 27981 Greenspot Road in Highland, California. The transaction was completed for a total price of $9,500,000. This retail asset is positioned in the Highlands Crossing center, which benefits from high traffic due to its proximity to the 210 freeway and is situated in a high-growth area with planned significant nearby development.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,500,000
  • Buyer: G & M Oil Company
  • Buyer’s Representative: Scott Olson - C-Store Realty
  • Seller’s Representative: Victor Buendia - Progressive Real Estate Partners

Key individuals involved in the transaction include Scott Olson, representing G & M Oil Company, and Victor Buendia, representing the seller through Progressive Real Estate Partners, who facilitated the all-cash sale.

Players

Victor Buendia

Broker

$55.9M

vol

9 deals

Broker

Highland 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93