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French Valley, CA Retail Property Sold For $17.3M By National Net Lease Group - SRS Real Estate Partners

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SOLD
$17,300,000

California

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Retail32,674 SF
Sold 09/30/2022
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Property Image
SOLD

French Valley, CA Retail Property Sold For $17.3M By National Net Lease Group - SRS Real Estate Partners

35958 Winchester Road, Winchester, California 92596, United States

See Similar Deals
Retail32,674 SF
Sold 09/30/2022
Contact now

Summary

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

The retail property located at 35958 Winchester Road in French Valley, CA has been sold for a transaction amount of $17,300,000. The property spans a total square footage of 32,674, resulting in a price per square foot of $529.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $17,300,000
  • Address: 35958 Winchester Road, French Valley, CA
  • Market: French Valley, CA

The sale of this retail property was facilitated by Matthew Mousavi, Patrick Luther, and Jack Cornell from the National Net Lease Group at SRS Real Estate Partners.

Players

Patrick Luther
61 deals$938.1M volume
BROKER

Matthew Mousavi
SRS Real Estate Partners
74 deals$1.1B volume
BROKER

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

Details

SOLD
IMAGE: Patrick Luther, Jack Cornell & Matthew Mousavi DATE: 09/30/2022 ADDRESS: 35958 Winchester Road MARKET: French Valley, CA ASSET TYPE: Retail BROKERS: Matthew Mousavi, Patrick Luther & Jack Cornell - National Net Lease Group - SRS Real Estate Partners SALE PRICE: $17,300,000 SF: 32,674 ~ PPSF: $529

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$922,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,010.83
Annual Debt Service$984,129.91