Updated Dec 21, 2023
Brandon Michaels Brokers $11M Sale Of Retail Property In Palmdale
3167 Rancho Vista Boulevard, Palmdale, CA 93551, USA
$11,000,000
$198/SF
Building Size
55,438 SF
Asset Type
Retail
Closing
Jul 11, 2019
About this deal
AI
Located at 3007-3167 Rancho Vista Blvd in Palmdale, this retail property was recently sold in a closed transaction. Brandon Michaels from an undisclosed agency served as the broker for the deal. The property features 55,438 square feet of space, selling for a total of $11,000,000. The price per square foot was $198.42.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 3007-3167 Rancho Vista Blvd
- Market: Palmdale
- Square Footage: 55,438
- Price per Square Foot: $198.42
- Broker: Brandon Michaels
Brandon Michaels, representing an undisclosed agency, played a crucial role in facilitating the sale of this retail property in Palmdale.
Palmdale 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93