Updated Dec 19, 2023
Brandon Michaels & Matthew Luchs Acquire Retail Property In Ventura For $730,000
3029 E Main St, Ventura, CA, USA
$730,000
$186/SF
Building Size
3,906 SF
Asset Type
Retail
Closing
Mar 4, 2021
About this deal
AI
Located at 3029 E. Main St. in Ventura, this retail property was recently sold on 03/05/2021. The property spans a total of 3,906 square feet and was sold for a price of $730,000, resulting in a price per square foot of $186.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $730,000
- Market: Ventura
- Brokers: Brandon Michaels - BrandonMichaelsGroup, Matthew Luchs - MatthewLuchs
The transaction was facilitated by Brandon Michaels from BrandonMichaelsGroup and Matthew Luchs from MatthewLuchs. They represented the buyer and seller in this deal, demonstrating their expertise and commitment to completing successful transactions in the retail market of Ventura.
With this transaction, the buyer secures ownership of this retail property, adding it to their portfolio and potentially exploring opportunities to further enhance its value in the future.
Players
Ventura 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
21.73%
Cash-on-Cash
-6.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93