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
$33,000,000
$285/SF
Building Size
115,522 SF
Asset Type
Retail
Closing
Jun 5, 2022
AI
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
Antelope 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93