Updated Sep 9, 2024
Spectrum Commercial Real Estate Acquires Medical/Retail Property In Palmdale For $7M
520-540 W Palmdale Blvd Palmdale, CA 93550, USA
$7,000,000
$251/SF
Building Size
27,826 SF
Asset Type
Retail
Closing
Aug 22, 2023
About this deal
AI
The property at 520-540 West Palmdale Plaza in Palmdale has been sold for $7,000,000.00. It is a 27,826 square foot medical/retail asset.
Summary of transaction details
- Property Type: Medical/Retail
- Transaction Amount: $7,000,000.00
- Square Footage: 27,826
- Price Per Square Foot: $252
- Address: 520-540 West Palmdale Plaza, Palmdale
- Market: Palmdale
The buyer was represented by Yair Haimoff from Spectrum Commercial Real Estate.
The retail sale at 520-540 W Palmdale Blvd Palmdale, CA 93550, USA in Kenmare, California sold for $7M in 2023. The building is 27,826 square feet, implying about 251 per square foot on the published price. Yair Haimoff, Spectrum Commercial Real Estate appear on the sale alongside Spectrum Commercial Real Estate. This page is the Kenmare, California file for the 520-540 W Palmdale Blvd Palmdale, CA 93550, USA retail sold: pricing, party profiles, and other closed retail comps from the same Kenmare sit in the Market section below. Filter that Kenmare retail set by closing date to see what else sold near 520-540 W Palmdale Blvd Palmdale, CA 93550, USA around 2023. Published consideration for 520-540 W Palmdale Blvd Palmdale, CA 93550, USA is $7M, dated 2023. Cite this Spectrum Commercial Real Estate Acquires Medical/Retail Property In Palmdale For $7M sale when underwriting similar retail product around Kenmare, California.
Kenmare 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