Updated Dec 19, 2023
Retail Property In Palmdale's Market Sells For $5.5M
40014 10th Street West, Palmdale, California 93551, United States
$5,500,000
$305/SF
Building Size
18,000 SF
Asset Type
Retail
Closing
Jul 20, 2022
About this deal
AI
The retail property located at 40014 10th St. West in Palmdale has been sold for a price of $5,500,000. The property spans an area of 18,000 square feet, resulting in a price per square foot of $305. Ronnie Givargis of Stan Johnson Co. represented the seller in this transaction.
Summary of transaction details
- Property Type: Retail
- Sale Price: $5,500,000
- Square Footage: 18,000
- Price per Square Foot: $305
- Address: 40014 10th St. West, Palmdale
- Market: Palmdale
The seller's representative in this deal was Ronnie Givargis from Stan Johnson Co.
Palmdale 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93