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Bob McClain Of Crow Holdings Capital Acquires Retail Center In Petaluma For $7.3M

Property Image
SOLD
$7,300,000
Warren McClean
Eric Kathrein

California

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Retail26,699 SF
Sold 12/13/2024
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Property Image
SOLD

Bob McClain Of Crow Holdings Capital Acquires Retail Center In Petaluma For $7.3M

901 East Washington Street

See Similar Deals
Retail26,699 SF
Sold 12/13/2024
Warren McClean
Eric Kathrein
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$273
Total Square Footage:26,699 SF
Transaction Type:Sale

901 & 905 East Washington Street is a retail asset situated on 0.83 acres in the Petaluma market. The property encompasses a total square footage of 26,699 and is currently listed at a sale price of $7,300,000, with a price per square foot of $273.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,300,000
  • Square Footage: 26,699
  • Address: 901 & 905 East Washington Street
  • Market: Petaluma
  • Brokerage Firm: JLL
  • Buyer's Representative: Bob McClain - Crow Holdings Capital
  • Brokers: Eric Kathrein & Warren McClean - JLL

The property is 64% leased and includes tenants such as FedEx and Sherwin Williams. JLL Capital Markets facilitated the transaction, demonstrating the value-add potential through future leasing and repositioning opportunities for the asset.

Players

Eric Kathrein
JLL
Eric Kathrein
20 deals$800.3M volume(415) 510-6961
BROKER
Warren McClean
JLL
Warren McClean
14 deals$480.3M volume
BROKER

Details

SOLD
IMAGE: Bob McClain, Eric Kathrein & Warren McClean DATE: 12/13/2024 ADDRESS: 901 & 905 East Washington Street MARKET: Petaluma ASSET TYPE: Retail ~ ACRES: 0.83 BUYER: Bob McClain - Crow Holdings Capital BROKERS: Eric Kathrein (@Eric_Kathrein) & Warren McClean - JLL (@JLL) SALE PRICE: $7,300,000 SF: 26,699 ~ PPSF: $273 NOTE: JLL Capital Markets arranged the $7.3 million sale of Petaluma Town Plaza, a 26,699-square-foot strip center in Petaluma, California, to Crow Holdings Capital. The property, 64% leased and featuring tenants like FedEx and Sherwin Williams, offers value-add potential through leasing and repositioning. Traded

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$389,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69