Updated Dec 20, 2023
Thomas Ray Glazier Acquires Store In Walnut Creek, CA For $6.5M
850 South Broadway, Walnut Creek, California 94596, United States
$6,500,000
$804/SF
Building Size
8,082 SF
Asset Type
Retail
Closing
Sep 22, 2022
About this deal
AI
The property involved in the transaction is a store located at 850 S Broadway in Walnut Creek, CA. The property spans a total area of 8,082 square feet and was sold for a price of $6,500,000, resulting in a price per square foot of $804.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $6,500,000
- Square Footage: 8,082
- Address: 850 S Broadway, Walnut Creek, CA
- Market: Walnut Creek, CA
The buyer of the property is Thomas Ray Glazier, while the seller is John S Herrington & Lois Haight Herrington.
Players
Walnut Creek 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93