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3409 Telegraph Road

Henry Vilchek Acquires Retail Property On Telegraph Road From Cheryl Chalek For $2.65M
SOLDRetail

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:

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

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

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