Andrew Gharibian & Pooya Dayanim Of Chaser Capital Acquire Retail Property From 99 Cents Only Stores For $2.5M
SOLD
$2,500,000
California
See Similar DealsRetail37,890 SF
Sold 09/02/2024
SOLD
Andrew Gharibian & Pooya Dayanim Of Chaser Capital Acquire Retail Property From 99 Cents Only Stores For $2.5M
1309 North H Street
See Similar DealsRetail37,890 SF
Sold 09/02/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$66
Total Square Footage:37,890 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 1309 North H Street in Lompoc. The sale price was $2,500,000, with a total square footage of 37,890, translating to a price per square foot of $65.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 1309 North H Street
- Market: Lompoc
- Square Footage: 37,890
- Price per Square Foot: $65
- Buyer: Andrew Gharibian & Pooya Dayanim - Chaser Capital
- Seller: 99 Cents Only Stores
The deal was brokered by Andrew Gharibian & Pooya Dayanim, representing Chaser Capital. The buyer is actively searching for vacant and value-add retail properties to purchase throughout California. Kindly direct all potential opportunities to [email protected].
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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