Daniel Emrani Acquires Retail Asset From Robert Nam In Coachella For $12.875M
SOLD
$12,875,000
California
See Similar DealsRetail84,820 SF
Sold 10/23/2025
SOLD
Daniel Emrani Acquires Retail Asset From Robert Nam In Coachella For $12.875M
50259 Cesar Chavez Street
See Similar DealsRetail84,820 SF
Sold 10/23/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$151
Total Square Footage:84,820 SF
Transaction Type:Sale
The asset involved in this transaction is a retail property located at 50249 Cesar Chavez Street, Coachella. The property was sold for $12,875,000, encompassing a total square footage of 84,820, which equates to a price per square foot of $151.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,875,000
- Address: 50249 Cesar Chavez Street
- Market: Coachella
- Square Footage: 84,820
- Price per Square Foot: $151
- Buyer: Daniel Emrani
- Seller: Robert Nam
- Broker Representatives: Max Kinsbruner & Brian Quinn - JLL
Key individuals in this transaction include buyer Daniel Emrani and seller Robert Nam, with representation by brokers Max Kinsbruner and Brian Quinn from JLL, facilitating the sale of the retail property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$686,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,742.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,034.07
Annual Debt Service$732,408.82
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