Marcus & Millichap Facilitates $2.1M Sale Of Dollar Tree Retail Property
71737 29 Palms Highway
$2,100,000
$135/SF
Building Size
15,506 SF
Asset Type
Retail
Closing
Jun 6, 2024
AI
The sale involved a retail property located at 71737 29 Palms Highway in Twentynine Palms, Southern California. The property, measuring 15,506 square feet, was sold for $2.1 million, translating to a price per square foot of $135.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 71737 29 Palms Highway
- Market: Twentynine Palms
Karl Markarian from JohnHart Real Estate acted as the buyer's representative in the transaction, while Christopher Hurd and Michael Grandstaff from Marcus & Millichap represented the seller. Marcus & Millichap facilitated the sale of the Dollar Tree retail property in Twentynine Palms, with the property being part of a larger retail plaza and coming with lease commitments.
Players
Twentynine Palms 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93