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29227 Central Ave, Lake Els...

Pacific Castle Acquires Property At 29227 Central Ave Lake Elsinore For $44.3M With Seller's Rep Kevin Fryman
SOLD

Pacific Castle Acquires Property At 29227 Central Ave Lake Elsinore For $44.3M With Seller's Rep Kevin Fryman

29227 Central Ave, Lake Elsinore, CA...

$44,300,000

$307/SF

Building Size

144,034 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved is located at 29227 Central Ave, Lake Elsinore, CA, and encompasses a total square footage of 144,034. The transaction was completed at a price of $44,300,000. The market in which this property is situated is Lake Elsinore.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $44,300,000.00
  • Address: 29227 Central Ave, Lake Elsinore, CA
  • Market: Lake Elsinore
  • Seller's Representative: Kevin Fryman - Hanley Investment Group- Real Estate Advisors
  • Buyer: Pacific Castle
  • Square Footage: 144034

The deal involved Kevin Fryman from Hanley Investment Group - Real Estate Advisors representing the seller, while the buyer is identified as Pacific Castle. This transaction highlights the active participation of these entities in the Lake Elsinore market.

Players

Kevin Fryman

Hanley Investment Group

Broker

$544.3M

vol

38 deals

Broker
PC
Pacific CastleBuyer

Lake Elsinore CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93