Steven Koo Buys Retail Property On Winchester Road From Jim Halferty For $13.3M
35914 Winchester Road
$13,300,000
$342/SF
Building Size
38,800 SF
Asset Type
Retail
Closing
Jul 24, 2024
AI
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.
Players
Winchester 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93