Cushman & Wakefield Advises DMI Real Estate In Selling Two Orange County Retail Centers For $25.5M
7811 Valley View St La Palma, Ca 90623, Usa
$25,500,000
$540/SF
Building Size
47,196 SF
Asset Type
Retail
Closing
Aug 9, 2023
AI
DMI Real Estate has sold two refurbished retail centers in Orange County, California: the La Palma Collection and the Row on Harbor. The La Palma Collection is a 23,882 sq. ft. retail center located at 7811-7971 Valley View Street in La Palma. The Row on Harbor is a 23,314 sq. ft. retail center located at 1450-1478 S. Harbor Boulevard in La Habra. These properties were sold separately for a total of $25.5 million, making it the highest-priced unanchored retail portfolio sale in Orange County in 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,500,000
- Square Footage: 47,196
- Price per Square Foot: $540
- Market: La Palma & La Habra
Cushman & Wakefield represented the seller, DMI Real Estate, in this transaction. The buyer's representative was Ron Duong from Marcus & Millichap. Joseph Lising and Daniel Sydor from Cushman & Wakefield also served as the seller's representatives. Together, they facilitated the successful sale of these retail centers in Orange County.
Players
Los Angeles 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93