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Agora Realty & Management Acquires Retail Property In Antelope For $33M With Brokers Ryan Thompson & Roman Benvenuti - Palmer Capital

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SOLD
$33,000,000

California

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Retail115,522 SF
Sold
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SOLD

Agora Realty & Management Acquires Retail Property In Antelope For $33M With Brokers Ryan Thompson & Roman Benvenuti - Palmer Capital

7901 Walerga Road, Antelope, California 95843, United States

See Similar Deals
Retail115,522 SF
Sold
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$285
Total Square Footage:115522 SF
Transaction Type:Sale

7901 Walerga Road, a retail property located in Antelope, has been sold in a transaction valued at $33,000,000. The property spans a total of 115,522 square feet, resulting in a price per square foot of $285. The sale took place on 06/06/2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $33,000,000
  • Address: 7901 Walerga Road
  • Market: Antelope

The buyer of the property is Agora Realty & Management, while the seller is Philips Edison & Co. Representing the buyer and seller in this transaction were Ryan Thompson and Roman Benvenuti from Palmer Capital respectively.

Players

Roman Benvenuti
1 deal$33M volume
BROKER

Ryan Thompson
Palmer Capital
2 deals$663M volume
BROKER

BUYER

Details

SOLD
IMAGE: Cary J. Lefton DATE: 06/06/2022 ADDRESS: 7901 Walerga Road MARKET: Antelope ASSET TYPE: Retail BUYER: Agora Realty & Management SELLER: Philips Edison & Co. BROKERS: Ryan Thompson & Roman Benvenuti - Palmer Capital SALE PRICE: $33,000,000 SF: 115,522 ~ PPSF: $285

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,759,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03