Andrew Farhadi Of CJ Park & Associates Represents Buyer In $27M Retail Sale In Stockton
SOLD
$27,000,000
California
See Similar DealsRetail142,957 SF
Sold 12/18/2025
SOLD
Andrew Farhadi Of CJ Park & Associates Represents Buyer In $27M Retail Sale In Stockton
616 West Hammer Lane
See Similar DealsRetail142,957 SF
Sold 12/18/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$188
Total Square Footage:142,957 SF
Transaction Type:Sale
The property asset is located at 616-760 West Hammer Lane in Stockton, identified as a retail property. The sale price was $27,000,000, and the total square footage of the asset is 142,957, which translates to a price per square foot of $188.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,000,000
- Buyer: Andrew Farhadi - CJ Park & Associates
- Seller: Brixton Capital
- Broker Representatives: Sean Cox & Kevin Fryman - Hanley Investment Group
- Date of Sale: 12/18/2025
Andrew Farhadi represented CJ Park & Associates in this transaction as the buyer, while Brixton Capital was the seller. The brokers facilitating this deal were Sean Cox and Kevin Fryman from Hanley Investment Group, showcasing their expertise in the retail market during this sale.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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