Updated Dec 21, 2023
Paul Khasigian Acquires Retail Property In Indio, CA For $7.9M From Seller Isam Khoury
82451 State Highway 111, Indio, CA, USA
$7,900,000
$457/SF
Building Size
17,272 SF
Asset Type
Retail
Closing
Nov 3, 2021
About this deal
AI
Located at 82451 US Highway 111 in Indio, CA, this retail property in Palm Desert was recently sold. The transaction took place on 11/03/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,900,000
- Square Footage: 17,272
- Price per Square Foot: $457
- Address: 82451 US Highway 111, Indio, CA
- Market: Palm Desert
The buyer, Paul Khasigian, acquired the property from the seller, Isam Khoury. Represented by Eric Mandell and Luc Hawkshaw from Ally Commercial Real Estate, Paul Khasigian secured the deal. On the other side, Rachel Kram and David Kram from Lockehouse Retail Group Inc. acted as the seller's representatives.
For more information about this sale or other net-leased properties, you can contact the NET LEASED DIVISION at ALLY COMMERCIAL REAL ESTATE by calling 424-317-0308 or emailing [email protected].
On the Map
$7,900,000
$457/SF
Retail
View full map
Players
Indio Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Rachel Kram to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93