James Capital Advisors Sells 49-Unit Sonic Portfolio For $125M
California, USA
$125,000,000
$1,661/SF
Building Size
75,248 SF
Asset Type
Retail
Closing
Nov 18, 2021
AI
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.
Players
Sanger 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93