Eloy Renfrow Purchases Retail Asset From Jay Patel In Santa Maria For $2.6M
800 West Main Street
$2,600,000
$215/SF
Building Size
12,080 SF
Asset Type
Retail
Closing
Sep 30, 2025
AI
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
Santa Maria 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93