Updated Dec 19, 2023
Brandon Michaels, Steven Schechter, And Sean Brandt Broker Temecula Retail Sale For $6.88M
40390 Margarita Rd, Temecula, CA 92591, USA
$6,881,000
$1,753/SF
Building Size
3,925 SF
Asset Type
Retail
Closing
Sep 3, 2020
About this deal
AI
Located at 40390 Margarita Rd in Temecula, this retail property was recently sold on September 4, 2020. The transaction was facilitated by brokers Brandon Michaels, Steven Schechter, and Sean Brandt. The property spans 3,925 square feet and was sold for a total price of $6,881,000, resulting in a price per square foot of $1,753. The cap rate for this transaction was 4.77%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,881,000
- Address: 40390 Margarita Rd, Temecula
- Market: Temecula
- Brokers: Brandon Michaels, Steven Schechter, Sean Brandt
- Square Footage: 3,925
- Price per Square Foot: $1,753
- Cap Rate: 4.77%
Brandon Michaels, Steven Schechter, and Sean Brandt were instrumental in facilitating the sale of this retail property. As the representing brokers, they played a key role in connecting the buyer and the seller, ensuring a successful transaction.
Players
Temecula 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
2.31%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93