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
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