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San Diego Investor Acquires Plumas Bank Property In Susanville For $4.7M With Alexander Moore And Jeff Lefko As Brokers
SOLD
California
See Similar DealsRetail5,440 SF
Sold 05/05/2025
SOLD
San Diego Investor Acquires Plumas Bank Property In Susanville For $4.7M With Alexander Moore And Jeff Lefko As Brokers
3000 Riverside Drive
See Similar DealsRetail5,440 SF
Sold 05/05/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$864
Total Square Footage:5,440 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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