Eloy Renfrow Purchases Retail Asset From Jay Patel In Santa Maria For $2.6M
SOLD
$2,600,000
California
See Similar DealsRetail12,080 SF
Sold 09/30/2025
SOLD
Eloy Renfrow Purchases Retail Asset From Jay Patel In Santa Maria For $2.6M
800 West Main Street
See Similar DealsRetail12,080 SF
Sold 09/30/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$215
Total Square Footage:12,080 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 800 West Main Street in the Santa Maria market. The sale was completed for a total amount of $2,600,000, encompassing a square footage of 12,080, which translates to a price per square foot of $215.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 800 West Main Street
- Market: Santa Maria
- Square Footage: 12,080
- Price Per Square Foot: $215
- Buyer: Eloy Renfrow
- Seller: Jay Patel
- Brokers: Brandon Michaels & Emin Gabrimasshih - Marcus & Millichap
The transaction was facilitated by brokers Brandon Michaels and Emin Gabrimasshih, representing the parties involved. Eloy Renfrow acquired the property from seller Jay Patel, marking a notable exchange in the retail market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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