LEASED
Newmark Represents Buyer In $5.49M Barstow Ground Lease Deal
2620 Fisher Boulevard
Retail
3,288 SF
3,288 SF
Leased 1 year ago
Summary
Lease
CALIFORNIA
Retail
3,288 sqft
The ground lease transaction for a retail property in Barstow has been completed. The property, located at 2620 Fisher Blvd., spans an area of 1.25 acres. The deal was facilitated by Starboard Realty Advisors as the seller, with Matthew Mousavi and Patrick Luther representing them. The buyer's representative was Pablo Rodriguez from Newmark.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,490,000
- Size: 3,288 square feet
- Capitalization Rate: 4.3%
The ground lease was successfully negotiated, with an asking rent of $5,490,000. The property features a retail space spanning 3,288 square feet, and it has a capitalization rate of 4.3%. The deal involved several key individuals and companies, including Matthew Mousavi and Patrick Luther from SRS, who represented the seller, Starboard Realty Advisors. On the buyer's side, Pablo Rodriguez from Newmark played a crucial role in facilitating the transaction.
Players
All
5
Agents
3
Agencies
2
Details
LEASED
IMAGE: LEASE
IMAGE: Matthew Mousavi, Patrick Luther & Pablo Rodriguez
DATE: 09/02/2021
ADDRESS: 2620 Fisher Blvd.
MARKET: Barstow
ASSET TYPE: Retail ~ ACRES: 1.25
SELLER: Starboard Realty Advisors
BUYER'S REP: Pablo Rodriguez - Newmark
SELLER'S REP: Matthew Mousavi & Patrick Luther - SRS
ASKING RENT: $5,490,000
SF: 3,288
CAP: 4.3%View on map
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Address2620 Fisher Boulevard
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