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82900 A Avenue 42

Mohamad Barmaki Acquires Retail Property In Indio, CA For $4.45M
SOLDRetail

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:

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

Karl Markarian

eXp World Holdings

Broker

$69.9M

vol

14 deals

Broker
JohnHart Real Estate
JohnHart Real EstateBrokerage

Mohamad Barmaki

Buyer

$8.6M

vol

2 deals

Buyer

Indio Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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