Matan Doron & Karine Doron Acquire Retail Property From Kirill Vesselov For $2.1M In Palm Springs
3156 South Congress Avenue
$2,100,000
$418/SF
Building Size
5,016 SF
Asset Type
Retail
Closing
May 14, 2026
About this deal
AI
The property asset is located at 3156 South Congress Avenue in Palm Springs. The transaction involves a retail asset, comprising a total square footage of 5,016. The sale price for this property was established at $2,100,000, equating to a price per square foot of $418.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,100,000
- Buyer: Matan Doron & Karine Doron
- Seller: Kirill Vesselov
- Broker: Billy A. Cunningham III (TheStarboardGroup) - Coldwell Banker
This transaction highlights the roles of the key individuals involved, including the buyers, Matan Doron and Karine Doron, and the seller, Kirill Vesselov. The broker representing the transaction is Billy A. Cunningham III from TheStarboardGroup at Coldwell Banker, facilitating the sale.
On the Map
$2,100,000
$418/SF
Retail
View full map
Palm Springs Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit William (Billy) A. Cunningham III to view all their deals.
Browse Palm Springs retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93