Updated Dec 21, 2023
Rick Raymundo Acquires Retail Condo In Indio For $6.5M
44100 Jefferson Street, Indio, CA, USA
$6,500,000
$448/SF
Building Size
14,490 SF
Asset Type
Retail
Closing
Apr 29, 2019
About this deal
AI
A retail condo located at 44100 Jefferson St in Indio has been sold for a total price of $6,500,000. The property spans across 14,490 square feet, resulting in a price per square foot of $448.59. The transaction took place on April 30, 2019. The property boasts a impressive cap rate of 5.38%.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $6,500,000
- Square Footage: 14,490
- Price per Square Foot: $448.59
- Cap Rate: 5.38%
Rick Raymundo from LACMultifamily served as the broker in this deal.
Indio Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $448 per square foot on a published $6.5M for 14,490 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93