Updated Dec 4, 2024
Rene Barge Purchases Retail Property In Corona Del Mar From Said Shokrian For $7.25M
3601 Pacific Coast Highway
$7,250,000
$1,572/SF
Building Size
4,612 SF
Asset Type
Retail
Closing
Aug 5, 2024
About this deal
AI
The retail property located at 3601 Pacific Coast Highway in the Corona del Mar market has a sale price of $7,250,000. This asset encompasses a total of 4,612 square feet, resulting in a price per square foot of $1,571.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $7,250,000
- Address: 3601 Pacific Coast Highway
- Market: Corona del Mar
- Square Footage: 4,612
- Price per Square Foot: $1,571
- Buyer: Rene Barge
- Seller: Said Shokrian
- Broker: Nathan Holthouser - Coastal Commercial
Nathan Holthouser from Coastal Commercial represented the buyer, Rene Barge, in this transaction with Said Shokrian as the seller. This deal indicates active participation in the retail property market by individuals and firms within the respective geographic area.
Corona Del Mar 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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93