Nick Aprahamian Acquires Palm Desert Retail Portfolio For $4.2M
Palm Desert Retail Portfolio
$4,225,000
$746/SF
Building Size
5,663 SF
Asset Type
Retail
Closing
Jul 14, 2022
About this deal
AI
The retail portfolio located in Palm Desert has been sold for a total price of $4,225,000. The property spans 5,663 square feet, resulting in a price per square foot of $746. The buyer of this retail portfolio is Nick Aprahamian from The Aprahamian Co., while the seller is Jim Peri.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,225,000
- Square Footage: 5,663
- Price per Square Foot: $746
- Buyer: Nick Aprahamian - The Aprahamian Co.
- Seller: Jim Peri
This sale transaction showcases the involvement of key individuals and companies. Nick Aprahamian from The Aprahamian Co. represents the buyer's side, while Jim Peri acts as the seller. This deal highlights the success of both parties in negotiating and finalizing the transaction.
Market 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
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93