Private Family Office Acquires Property In Perris From Private Partnership For $3.7M
SOLD
$3,700,000
California
See Similar DealsCommercial2,200 SF
SOLD
Private Family Office Acquires Property In Perris From Private Partnership For $3.7M
2560 N Perris BLVD, Perris, CA, 92571
See Similar DealsCommercial2,200 SF
Summary
CALIFORNIA
Asset Type:Commercial
Price Per Square Foot:$1,681
Total Square Footage:2,200 SF
Transaction Type:Sale
A restaurant property located at 2560 N Perris Blvd in Perris, CA, has been acquired for $3.7 million. The single-tenant building, which features a drive-thru, spans 2,200 square feet and is net-leased to KFC. The facility was constructed in 2022 and is situated in the Perris market.
Summary of transaction details:
- Property Type: Restaurant
- Transaction Amount: $3,700,000.00
- Address: 2560 N Perris BLVD, Perris, CA, 92571
- Market: Perris
- Seller: Private Partnership
- Buyer: Private Family Office
- Seller's Representative: Greg Bedell - Progressive Real Estate Partners
- Buyer's Representatives: Howard Rosenthal and Guy Excell - Rosenthal & Excell Commercial Real Estate
The seller, an Orange County-based private partnership, was represented by Greg Bedell of Progressive Real Estate Partners, while Howard Rosenthal and Guy Excell of Rosenthal & Excell Commercial Real Estate represented the buyer in this transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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