Updated Oct 29, 2024
Nazareth Enterprises Acquires Retail Property In San Mateo For $7.3M
616 S B St, San Mateo, CA, USA
$7,300,000
$973/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Feb 22, 2021
About this deal
AI
Located at 616 S B St in San Mateo, this retail property was recently sold in a closed transaction. The property spans approximately 7,500 square feet and was sold for a price of $7,300,000, resulting in a price per square foot of $973. The transaction took place on 02/23/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,300,000
- Address: 616 S B St, San Mateo
- Market: San Mateo
The buyer in this transaction was Nazareth Enterprises. The deal was facilitated by Richard Beale from Beale Properties, Mitch Zeemont, and Tony Kaufmann from Gantry.
On the Map
$7,300,000
$973/SF
Retail
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Players
San Mateo 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93