Mohamad Barmaki Acquires Retail Property In Indio, CA For $4.45M
82900 A Avenue 42
$4,450,000
$306/SF
Building Size
14,500 SF
Asset Type
Retail
Closing
Sep 15, 2023
AI
A retail property located at 82900 A Avenue 42 in Indio, CA has been sold for a price of $4,450,000. The property spans an area of 14,500 square feet, resulting in a price per square foot of $307. The transaction took place on September 15, 2023.
Summary of transaction details:
- Property Type: Retail
- Asking Price: $4,500,000
- Buyer: Mohamad Barmaki
- Buyer's Representative: Karl Markarian & Abel Mehrabi - JohnHart Real Estate
Karl Markarian and Abel Mehrabi, representing JohnHart Real Estate, were the buyer's representatives in this deal. They facilitated the purchase of the retail property at 82900 A Avenue 42 in Indio, CA on behalf of Mohamad Barmaki. The final sale price of $4,450,000 reflects a price per square foot of $307.
Players
Indio 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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93