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40675 California Oaks Road,...

Mansour Hashemi Acquires Retail Property In Murrietta For $3M
SOLDRetail

Mansour Hashemi Acquires Retail Property In Murrietta For $3M

40675 California Oaks Road, Murrieta, CA, USA

$3,000,000

$175/SF

Building Size

17,100 SF

Asset Type

Retail

Closing

Oct 13, 2021

AI

The retail property located at 40675 California Oaks in Murrieta has been sold in a transaction that closed on October 13, 2021. The asset spans 17,100 square feet and was sold for a price of $3,000,000, equating to a price per square foot of $175.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,000,000
  • Address: 40675 California Oaks, Murrieta
  • Market: Murrietta

The buyer of the property is Mansour Hashemi, while the seller is Richard Rossen. The deal was facilitated by Elizabeth Clark and Kris Lowry from Compass Commercial acting as the brokers representing both parties.

Players

Kristopher Lowry

Compass

Broker

$11.9M

vol

5 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Murrieta 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93