Matt Luke's Longball Investments LLC Acquires Retail Property In Yorba Linda For $1.8M
SOLD
California
See Similar DealsRetail3,920 SF
Sold
SOLD
Matt Luke's Longball Investments LLC Acquires Retail Property In Yorba Linda For $1.8M
4858 Main Street, Yorba Linda, California 92886, United States
See Similar DealsRetail3,920 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$459
Total Square Footage:3,920 SF
Transaction Type:Sale
The retail property located at 4858 Main St, Yorba Linda CA 92886 in Orange County has been sold for $1,800,000. The property spans 3,920 square feet and was sold at a price of $459 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,800,000
- Market: Orange County
- Buyer: Matt Luke - Longball Investments LLC
- Seller: Harry Schlitz, Dave Hutchison & Nancy Parsell
- Brokers: Jamie Harrison & Chris Manassero - Lee & Associates
Matt Luke, representing Longball Investments LLC, purchased the property from sellers Harry Schlitz, Dave Hutchison, and Nancy Parsell. The deal was facilitated by brokers Jamie Harrison and Chris Manassero from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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