FP 10th Street Palmdale LLC Acquires Retail Property On 40033 10th Street W In Palmdale For $15.25M
40033 10th Street West, Palmdale, CA 93551, USA
$15,250,000
$271/SF
Building Size
56,101 SF
Asset Type
Retail
Closing
Dec 3, 2019
AI
A retail property located at 40033 10th Street W in Palmdale has been sold for a price of $15,250,000. The property covers an area of 56,101 square feet, with a price per square foot of $271.83. The property is anchored by US Army, Goodwill International, and Buffalo Wild Wings. The transaction took place off-market and the buyer, FP 10th Street Palmdale LLC, assumed a loan as part of the deal. The seller was 10th Street Palmdale LLC. The property was represented by Yitzy Pearson from Pearson Real Estate Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,250,000
- Address: 40033 10th Street W, Palmdale
- Market: Palmdale
- Square Footage: 56,101
- Price per Square Foot: $271.83
The buyer, FP 10th Street Palmdale LLC, assumed a loan in the transaction. Yitzy Pearson from Pearson Real Estate Group represented the buyer in the deal. The property is anchored by US Army, Goodwill International, and Buffalo Wild Wings.
Players
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93