facebook

traded

+ Submit
Home

/

Deals

/

California

/

Commercial

/

Sale

/

17151 W Foothill BLVD, Font...

Faris Lee Facilitates $9.1M Sale Of Fontana Commercial Property To LA Buyer
SOLDCommercial

Faris Lee Facilitates $9.1M Sale Of Fontana Commercial Property To LA Buyer

17151 W Foothill BLVD, Fontana, CA...

$9,100,000

$264/SF

Building Size

34,377 SF

Asset Type

Commercial

Closing

Nov 22, 2023

AI

The two freestanding outparcel properties located at 17151-17171 W. Foothill Blvd in Fontana, totaling 34,377 square feet, have been sold for $9.1 million. Shaun Riley and Nick Miller of Faris Lee represented the undisclosed seller in the transaction and also procured the Los Angeles-based buyer. The properties are part of a Walmart-anchored shopping center in Fontana, California.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $9,100,000.00
  • Address: 17151 W Foothill Blvd, Fontana, CA
  • Market: Fontana
  • Seller's Rep: Nick Miller (Bright Realty)
  • Buyer: Unknown
  • SF: 34,377

Faris Lee Investments played a key role in facilitating the sale of the properties. The undisclosed seller was represented by Shaun Riley and Nick Miller, both from Faris Lee. The buyer, based in Los Angeles, remains unidentified. The properties, situated within a Walmart-anchored shopping center, were successfully transacted with the expertise of these individuals.

Players

Nick Miller

Bright Realty

Broker

$61.9M

vol

10 deals

Broker

Fontana Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93