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55 Via Pico Plaza San Cleme...

Wood Investments Companies Acquires 25,500-SF Retail Property In San Clemente For $6.95M
SOLDRetail

Wood Investments Companies Acquires 25,500-SF Retail Property In San Clemente For $6.95M

55 Via Pico Plaza San Clemente, CA 92672, USA

$6,950,000

$272/SF

Building Size

25,500 SF

Asset Type

Retail

Closing

Jul 11, 2023

AI

Wood Investments Companies, Inc., led by Patrick Wood, has acquired a retail property in San Clemente, California. The property spans 25,500 square feet and is located at 55 Via Pico Plaza. The transaction closed for a total sale price of $6.95 million. The property is strategically situated in South Orange County, offering favorable demographics.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $6,950,000
  • Square Feet: 25,500
  • Address: 55 Via Pico Plaza
  • Market: San Clemente

Wood Investments Companies, Inc., a reputable real estate firm, successfully completed the acquisition. The property is currently occupied by The 99 Store. This purchase further strengthens the company's commercial real estate portfolio in Southern California.

Players

WI
Wood Investments Companies Inc.Buyer

Los Angeles 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

2.28%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93