Private Investor Acquires Property At 35958 Winchester Rd Winchester For $17.3M With Matthew Mousavi And Jack Cornell As Seller's Reps
35958 Winchester Rd, Winchester, CA...
$17,300,000
$529/SF
Building Size
32,674 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 35958 Winchester Rd, Winchester, CA, within the Winchester market. The transaction was finalized at a price of $17,300,000.00 and encompasses a total square footage of 32,674. The asset is part of a portfolio sale of three retail properties that are outparcels to French Valley Marketplace, located in the Inland Empire.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,300,000.00
- Address: 35958 Winchester Rd, Winchester, CA
- Market: Winchester
- Seller's Representative: Matthew Mousavi & Jack Cornell - SRS Real Estate Partners
- Buyer: Private Investor
- Square Footage: 32,674
Matthew Mousavi, Patrick Luther, and Jack Cornell of SRS Real Estate Partners’ National Net Lease Group were instrumental in representing the seller and sourcing the buyer for this all-cash transaction. The sale reflects a strategic move by a Southern California-based private developer selling the assets to a Southern California-based private investor.
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93