Updated Dec 18, 2023
Peter Hoffman & Dorothy Hoffman Acquire Retail Property On Contra Costa Blvd For $7.2M
535 Contra Costa Boulevard, Pleasant Hill, California 94523, United States
$7,215,500
$578/SF
Building Size
12,480 SF
Asset Type
Retail
Closing
Feb 24, 2022
About this deal
AI
The retail property located at 535 Contra Costa Blvd in Pleasant Hill, CA has been sold in a transaction that took place on February 25, 2022. The property spans approximately 12,480 square feet and was sold for a price of $7,215,500, resulting in a price per square foot of $578.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,215,500
- Address: 535 Contra Costa Blvd, Pleasant Hill, CA
- Market: Pleasant Hill, CA
- Buyer: Peter Hoffman & Dorothy Hoffman
- Seller: Fred Daleo & Josephine Daleo
The buyers of the property are represented by Peter Hoffman & Dorothy Hoffman, while the sellers are represented by Fred Daleo & Josephine Daleo.
Players
Pleasant Hill 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93