Updated Dec 19, 2023
Hamid Reza Acquires Retail Property In Ventura For $2.99M
2850 Johnson Drive, Ventura, CA, USA
$2,995,000
$311/SF
Building Size
9,622 SF
Asset Type
Retail
Closing
Sep 27, 2021
About this deal
AI
The property involved in this closed transaction is a retail asset located at 2850 Johnson Drive in Ventura. The property spans a total area of 9,622 square feet, resulting in a price per square foot of $311. The transaction took place on September 27, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,995,000
- Market: Ventura
- Buyer: Hamid Reza
- Seller: Richard Dilorio
- Brokers: Brandon Michaels & Matthew Luchs - Marcus & Millichap
Brandon Michaels and Matthew Luchs from Marcus & Millichap represented both the buyer, Hamid Reza, and the seller, Richard Dilorio, in this transaction.
Players
Ventura Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Luchs to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.30%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93