Kamyar & K. Joseph Shabani Of Optimus Properties LLC Acquire Retail Assets In San Carlos For $5.25M
SOLD
$5,250,000
California
See Similar DealsRetail10,005 SF
Sold 03/03/2026
SOLD
Kamyar & K. Joseph Shabani Of Optimus Properties LLC Acquire Retail Assets In San Carlos For $5.25M
625 Laurel Street, 641 Laurel Street & 653 Laurel Street
See Similar DealsRetail10,005 SF
Sold 03/03/2026
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$524
Total Square Footage:10,005 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 625, 641 & 653 Laurel Street in the San Carlos market. The sale price of the asset was $5,250,000, encompassing a total square footage of 10,005. The price per square foot amounted to $525.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,250,000
- Buyer: Kamyar & K. Joseph Shabani - Optimus Properties, LLC
- Seller: Rene S. Anderson Trust
- Date of Transaction: 03/03/2026
This transaction was represented by Kamyar & K. Joseph Shabani on behalf of Optimus Properties, LLC, indicating their role in the acquisition of the property from the Rene S. Anderson Trust. The successful transfer reflects the efforts of both parties in completing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
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