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.
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