San Diego Investor Acquires Plumas Bank Property In Susanville For $4.7M With Alexander Moore And Jeff Lefko As Brokers
3000 Riverside Drive
$4,700,000
$864/SF
Building Size
5,440 SF
Asset Type
Retail
Closing
May 5, 2025
AI
A San Diego-based investor acquired a 5,440 SF Plumas Bank-occupied property located at 3000 Riverside Drive in the Susanville market for a total of $4,700,000. The transaction involved a new 15-year NNN lease for the property situated on 1.1 acres.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,700,000
- Square Footage: 5,440
- Price Per Square Foot: $864
- Address: 3000 Riverside Drive
- Market: Susanville
- Acres: 1.1
- Seller's Broker: Alexander Moore - SRS Real Estate Partners
- Seller's Broker: Jeff Lefko - Hanley Investment Group
Alexander Moore of SRS Real Estate Partners and Jeff Lefko of Hanley Investment Group represented the private seller in this transaction, facilitating the sale of the retail property occupied by Plumas Bank.
Players
Susanville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93