Updated Mar 19, 2026
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
$5,250,000
$524/SF
Building Size
3,245 SF
Asset Type
Retail
Closing
Mar 3, 2026
About this deal
AI
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.
On the Map
$5,250,000
$524/SF
Retail
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Players
San Carlos 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93