Henry Vilchek Acquires Retail Property On Telegraph Road From Cheryl Chalek For $2.65M
3409 Telegraph Road
$2,650,000
$120/SF
Building Size
21,920 SF
Asset Type
Retail
Closing
May 2, 2024
AI
The property located at 3409 Telegraph Road in Ventura was sold in a retail transaction. The sale price of the asset was $2,650,000, with a total square footage of 21,920, resulting in a price per square foot of $121.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,650,000
- Buyer: Henry Vilchek
- Seller: Cheryl Chalek
- Brokers: Brandon Michaels, Matthew Luchs & Steven Schechter - Marcus & Millichap
The transaction was facilitated by Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap. Henry Vilchek purchased the property from Cheryl Chalek in the retail deal.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93