DPI Retail Acquires Retail Asset In Antioch For $34.56 Million With Broker Representatives Ron E. Cruz & Sean O'Carroll
5865 Lone Tree Way
$34,559,400
$280/SF
Building Size
123,124 SF
Asset Type
Retail
Closing
Jan 31, 2025
AI
The property asset involved in the transaction is a retail space located at 5865-5897 Lone Tree Way in Antioch. The sale price for this asset was $34,559,400, encompassing a total square footage of 123,124 and resulting in a price per square foot of $280.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $34,559,400
- Square Footage: 123,124
- Price per Square Foot: $280
- Buyer: DPI Retail
- Broker: Ron E. Cruz & Sean O'Carroll - The Econic Company
- Date of Transaction: 01/31/2025
- Address: 5865-5897 Lone Tree Way
- Market: Antioch
Key individuals involved in the transaction include Ron E. Cruz and Sean O'Carroll, who represented the buyer, DPI Retail, through their brokerage, The Econic Company. Their participation highlights the collaborative efforts in facilitating the sale of the property.
Players
Antioch 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93