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Marcus & Millichap Sells Retail Property In Mammoth Lakes For $8.8M

Property Image
SOLD
$8,800,000
Patrick Toomey
Jose Carrazana
Jessica Baram
+ 1

California

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Retail42,809 SF
Sold 06/07/2022
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Retail Property In Mammoth Lakes For $8.8M

3343 Main Street, Mammoth Lakes, California 93546, United States

See Similar Deals
Retail42,809 SF
Sold 06/07/2022
Patrick Toomey
Jose Carrazana
Jessica Baram
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$205
Total Square Footage:42,809 SF
Transaction Type:Sale

A retail property located at 3343 Main St. in Mammoth Lakes has been sold. The property spans 42,809 square feet and was sold for a total price of $8,800,000, resulting in a price per square foot of $205.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,800,000

Marcus & Millichap represented the seller in the transaction.

Players

Patrick Toomey
Institutional Property Advisors
Patrick Toomey
6 deals$109.8M volume(310) 403-4984
BROKER
Jose Carrazana
Marcus & Millichap
Jose Carrazana
3 deals$69.7M volume
BROKER
Jessica Baram
Marcus & Millichap
Jessica Baram
1 deal$8.8M volume
BROKER
Enrique Wong
Marcus & Millichap
Enrique Wong
1 deal$8.8M volume
BROKER

Details

SOLD
IMAGE: Patrick Toomey, Jose Carrazana, Jessica Baram & Enrique Wong DATE: 06/07/2022 ADDRESS: 3343 Main St. MARKET: Mammoth Lakes ASSET TYPE: Retail SELLER'S REP: Patrick Toomey, Jose Carrazana, Jessica Baram & Enrique Wong (@EnriqueWong) - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $8,800,000 SF: 42,809 ~ PPSF: $205

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
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