Updated Oct 29, 2024
Dr. Navid Ezra Acquires Retail Property In Palmdale For $7M
520 W Palmdale Blvd Palmdale, CA 93551, USA
$7,000,000
$251/SF
Building Size
27,826 SF
Asset Type
Retail
Closing
Aug 23, 2023
About this deal
AI
The retail property located at 520-540 West Palmdale Plaza in Palmdale has been sold. The property spans 27,826 square feet and is situated in the Palmdale market. The transaction took place on 08/23/2023.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $7,000,000
- Asking Price: $7,119,000
- Square Feet: 27,826
- Price per Square Foot: $252
- Address: 520-540 West Palmdale Plaza, Palmdale
The buyer of the property is Dr. Navid Ezra, while the seller is Cantor Group. Vanessa Haddad from CBRE represented the seller as their broker. However, no information about the buyer's representative is available.
On the Map
$7,000,000
$251/SF
Retail
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Players
Palmdale 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93