Steven Koo Buys Retail Property On Winchester Road From Jim Halferty For $13.3M
SOLD
$13,300,000
California
See Similar DealsRetail38,800 SF
Sold 07/24/2024
SOLD
Steven Koo Buys Retail Property On Winchester Road From Jim Halferty For $13.3M
35914 Winchester Road
See Similar DealsRetail38,800 SF
Sold 07/24/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$342
Total Square Footage:38,800 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 35914 Winchester Road in the Winchester market. The sale price was $13,300,000, encompassing a total square footage of 38,800, which translates to a price per square foot of $342.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,300,000
- Address: 35914 Winchester Road
- Market: Winchester
- Square Footage: 38,800
- Price per Square Foot: $342
- Buyer: Steven Koo
- Seller: Jim Halferty
- Broker Representatives: Jack Cornell, Matthew Mousavi & Patrick Luther - SRS Real Estate Partners
The notable individuals involved in the deal include buyer Steven Koo and seller Jim Halferty, while the transaction was facilitated by broker representatives Jack Cornell, Matthew Mousavi, and Patrick Luther from SRS Real Estate Partners, highlighting the professional team that managed the transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$709,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,252.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,048.79
Annual Debt Service$756,585.42
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