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Private Investor Acquires Property At 35958 Winchester Rd Winchester For $17.3M With Matthew Mousavi And Jack Cornell As Seller's Reps

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SOLD
$17,300,000

California

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Retail32,674 SF
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SOLD

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...

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Retail32,674 SF
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$529
Total Square Footage:32,674 SF
Transaction Type:Sale

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:

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

Matthew Mousavi
74 deals$1.1B volume
BROKER

Jack Cornell
SRS Real Estate Partners
5 deals$65.7M volume
BROKER

Details

SOLD
IMAGE: 35958 Winchester Rd, Winchester, CA... MARKET: Winchester SELLER'S REP: Matthew Mousavi & Jack Cornell -SRS Real Estate Partners BUYER: Private Investor PRICE: $17,300,000.00 SF: 32674

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
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