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
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