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301 W Olive Ave, Madera, CA...

Joel Cukier Of @JamesCapitalAdvisors Sells Madera Retail Property For $2.47M
SOLDRetail

Joel Cukier Of @JamesCapitalAdvisors Sells Madera Retail Property For $2.47M

301 W Olive Ave, Madera, CA 93637, USA

$2,470,000

$326/SF

Building Size

7,560 SF

Asset Type

Retail

Closing

Sep 10, 2020

AI

The retail property located at 301 W Olive Ave in Madera has been sold for $2,470,000. Spanning across 7,560 square feet, the property was sold at a price per square foot of $326.72, resulting in a cap rate of 5.27%. The property is situated in the Madera market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,470,000
  • Square Footage: 7,560
  • Price per Square Foot: $326.72
  • Cap Rate: 5.27%
  • Address: 301 W Olive Ave, Madera

The buyer's representative in this transaction was Randy High Jr from CCIM, PMZ Commercial. On the other hand, the seller's representative was Joel Cukier from James Capital Advisors.

Players

Joel Cukier

Malchus Real Estate

Broker

$69.4M

vol

8 deals

Broker

Madera 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

6.42%

Cash-on-Cash

-1.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93