James Capital Advisors Sells 49-Unit Sonic Portfolio For $125M
SOLD
$125,000,000
California
See Similar DealsRetail75,248 SF
Sold 11/18/2021
SOLD
James Capital Advisors Sells 49-Unit Sonic Portfolio For $125M
California, USA
See Similar DealsRetail75,248 SF
Sold 11/18/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,661
Total Square Footage:75,248 SF
Transaction Type:Sale
The 49-unit Sonic Portfolio, located in multiple locations, has been sold for a total of $125,000,000. The retail property spans a total area of 75,248 square feet, resulting in a price per square foot of $1,661. Reed Melillo and Nina Valtchanov of James Capital Advisors represented the parties involved in the transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $125,000,000
- Market: Multiple Locations
- Property Size: 75,248 square feet
- Price per Square Foot: $1,661
The sale of the Sonic Portfolio was facilitated by brokers Reed Melillo and Nina Valtchanov from James Capital Advisors. Their expertise and guidance played a crucial role in the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$444,098.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$592,563.77
Annual Debt Service$7,110,765.26
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