facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Sale

/

3838 Pacific Coast Highway

Updated Dec 4, 2024

Cassiana Marinho Purchases Retail Property In Corona Del Mar For $2.6 Million With Broker Representation
SOLDRetail

Cassiana Marinho Purchases Retail Property In Corona Del Mar For $2.6 Million With Broker Representation

3838 Pacific Coast Highway

$2,600,000

$1,040/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Sep 17, 2024

About this deal

AI

The property asset involved in this transaction is a retail space located at 3838 Pacific Coast Highway in the Corona del Mar market. The sale price for the property was $2,600,000, with a total square footage of 2,500, resulting in a price per square foot of $1,040.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,600,000
  • Address: 3838 Pacific Coast Highway
  • Market: Corona del Mar
  • Buyer: Cassiana Marinho
  • Seller: Said Shokrian
  • Buyer's Representative: Jared Swedelson - NAI Global
  • Seller's Representative: Nathan Holthouser - Coastal Commercial
  • Lender: Aaron Singer - Bank of America

Key individuals involved in this transaction include Cassiana Marinho, who acted as the buyer, and Said Shokrian, who was the seller. The buyer was represented by Jared Swedelson from NAI Global, while the seller's interests were represented by Nathan Holthouser of Coastal Commercial. The financing for the transaction was facilitated by Aaron Singer from Bank of America.

Players

Nathan Holthouser

Coastal Commercial

Broker

$51.9M

vol

10 deals

Broker

Corona Del Mar Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Deal FAQ

About $1K per square foot on a published $2.6M for 2,500 square feet (2024).

Visit Jared Swedelson to view all their deals.

Browse Corona Del Mar retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets