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Transaction Of 58132 Twentynine Palms Highway Yucca Valley Sold For $2 Million With Greg Bedell As Seller's Rep

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SOLD
$2,000,000

California

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SOLD

Transaction Of 58132 Twentynine Palms Highway Yucca Valley Sold For $2 Million With Greg Bedell As Seller's Rep

58132 Twentynine Palms Highway, Yucca Valley, CA 92284

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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

The transaction involved a multi-tenant retail pad located at 58132 Twentynine Palms Highway, Yucca Valley, CA 92284. The asset was sold for $2,000,000.00 and spans a total square footage of 6,518. Tenants include Gamestop, Verizon Wireless, and Metro PCS, with the property being an outparcel to a 212,000-square-foot shopping center anchored by Stater Bros.

Summary of transaction details:

This transaction was facilitated by Progressive Real Estate Partners, with Greg Bedell representing the seller and Victor Buendia representing the buyer. The deal occurred as part of a 1031 exchange transaction, indicating a strategic move for the involved parties within the real estate market.

Players

9 deals$55.9M volume
BROKER

Details

SOLD
IMAGE: 58132 Twentynine Palms Highway, Yucca Valley, CA 92284. SELLER'S REP: Greg Bedell-Progressive Real Estate Partners BUYER: Unknown SELLER: Unknown PRICE: $2,000,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24