Updated Dec 5, 2024
Mike Atkar Acquires Retail Property On Capitol Avenue In Fremont For $12.575M
Capitol Avenue
$12,575,000
$596/SF
Building Size
21,073 SF
Asset Type
Retail
Closing
Nov 15, 2024
About this deal
AI
The asset involved in this transaction is a retail property located at 3658 & 3768 Capitol Avenue in Fremont, CA. The sale price of the property was $12,575,000, with a total square footage of 21,073 and a price per square foot of $596.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,575,000
- Square Footage: 21,073
- Price Per Square Foot: $596
- Buyer: Mike Atkar
- Seller: Chris DeHaan
- Broker: Mike Priolo - SVN | Capital West Partners
- Transaction Date: 11/15/2024
The individuals involved in this transaction include Mike Atkar as the buyer and Chris DeHaan as the seller. The transaction was facilitated by broker Mike Priolo, representing SVN | Capital West Partners, who played a crucial role in bringing both parties to an agreement.
Players
Fremont 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93