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5865 Lone Tree Way

DPI Retail Acquires Retail Asset In Antioch For $34.56 Million With Broker Representatives Ron E. Cruz & Sean O'Carroll
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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

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

16 deals

Broker

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