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703 & 751 W Ventura Street

Jeff Damavandi Purchases Retail Property From Patty Wehr In Fillmore For $3.5M
SOLDRetail

Jeff Damavandi Purchases Retail Property From Patty Wehr In Fillmore For $3.5M

703 & 751 W Ventura Street

$3,500,000

$228/SF

Building Size

15,353 SF

Asset Type

Retail

Closing

Sep 15, 2025

AI

The retail asset located at 703 & 751 W Ventura Street in Fillmore has been sold for $3,500,000. The property encompasses a total square footage of 15,353, resulting in a price per square foot of $227.

Summary of transaction details:

Representing the buyer in this transaction is Jeff Damavandi, while Patty Wehr, the seller, is advised by her broker representatives Brandon Michaels from Marcus & Millichap and Carlo Brignardello & Troy Pollet from Cushman & Wakefield.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Santa Paula 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93