Jeff Damavandi Purchases Retail Property From Patty Wehr In Fillmore For $3.5M
SOLD
$3,500,000
California
See Similar DealsRetail15,353 SF
Sold 09/15/2025
SOLD
Jeff Damavandi Purchases Retail Property From Patty Wehr In Fillmore For $3.5M
703 & 751 W Ventura Street
See Similar DealsRetail15,353 SF
Sold 09/15/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$228
Total Square Footage:15,353 SF
Transaction Type:Sale
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:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 703 & 751 W Ventura Street
- Market: Fillmore
- Square Footage: 15,353
- Price Per Square Foot: $227
- Buyer: Jeff Damavandi
- Seller: Patty Wehr
- Brokers: Brandon Michaels - Marcus & Millichap; Carlo Brignardello & Troy Pollet - Cushman & Wakefield
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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