Updated Dec 21, 2023
SRS Realty Partners Facilitates $9.8M Sale Of Mission Viejo Retail Property
28892 Marguerite Parkway, Mission Viejo, California 92692, United States
$9,800,000
$392/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Nov 3, 2022
About this deal
AI
A retail property located at 28892 Marguerite Parkway in Mission Viejo, CA has been sold for a price of $9,800,000. The property spans a total square footage of 25,000, resulting in a price per square foot of $392. The transaction was facilitated by SRS Real Estate Partners, with Terrison Quinn and Tony Vuona representing the buyer as their representatives.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $9,800,000
- Address: 28892 Marguerite Parkway, Mission Viejo, CA
- Market: Mission Viejo, CA
- Square Footage: 25,000
- Price per Square Foot: $392
The buyer's representative in this deal was Terrison Quinn and Tony Vuona from SRS, while the seller was represented by Matthew Mousavi and Patrick Luther, also from SRS Real Estate Partners.
Players
Mission Viejo 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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93