Updated Sep 9, 2024
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
About this deal
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.
On the Map
$3,000,000
$175/SF
Retail
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Players
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