Updated Dec 4, 2024
Vallejo Family Trust Acquires Retail Property On Pacific Coast Highway For $5.1M
2900 Pacific Coast Highway
$5,105,000
$1,526/SF
Building Size
3,344 SF
Asset Type
Retail
Closing
Jan 5, 2024
About this deal
AI
The retail property located at 2900 Pacific Coast Highway in Corona del Mar has been sold. The property spans 3,344 square feet and was sold at a price of $5,105,000, resulting in a price per square foot of $1,527.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,105,000
- Square footage: 3,344
- Address: 2900 Pacific Coast Highway, Corona del Mar
- Market: Corona del Mar
The buyer of the property is the Vallejo Family Trust, represented by Joseph & Lisa Vallejo. The sellers are Robert Newman, Harry Neman, Massoud Ahdout, and Saeed Ahdout. The transaction was facilitated by Nathan Holthouser of Coastal Commercial.
Corona Del Mar 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93