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
Fontana Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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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