Updated Sep 9, 2024
Iris Liu Acquires 5.06 Acre Development Site In Moreno Valley, CA For $3.8M
25780 Alessandro Boulevard
$3,800,000
Building Size
—
Asset Type
Development Site
Closing
Oct 17, 2022
About this deal
AI
A development site located at 25780 Alessandro Blvd in Moreno Valley, CA has been sold for a total price of $3,800,000. The property spans across 5.06 acres and offers a building square footage (BSF) of 220,413. The sale price per building square footage (PPBSF) is approximately $17, showcasing the value of the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,800,000
- Address: 25780 Alessandro Blvd, Moreno Valley, CA
- Market: Moreno Valley, CA
- ACRES: 5.06
The buyer of the development site is Iris Liu, while the seller is Susana Lopez. The transaction was facilitated by Eric Chen and Blake Torgerson from CBRE, who represented both the buyer and the seller in this deal.
Moreno Valley Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93