Alvin Mansour & Jonathan Talia Of The Mansour Group Acquire Mixed-Use Property In Temecula For $11.85M
43191 Rancho Way, Temecula, California 92590, United States
$11,850,000
$554/SF
Building Size
21,382 SF
Asset Type
Mixed-use
Closing
Nov 5, 2021
AI
Located in Temecula, the mixed-use property at 43191 Rancho Way has been sold in a closed transaction. The property comprises a total square footage of 21,382 and was sold for $11,850,000, resulting in a price per square foot of $554. This sale marks a record cap rate and price per square foot. The transaction was completed by all-cash 1031 buyers.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,850,000
- Square Footage: 21,382
- Address: 43191 Rancho Way, Temecula
- Market: Temecula
The transaction was facilitated by Alvin Mansour and Jonathan Talia from The Mansour Group at Marcus & Millichap. Alvin Mansour, a representative of the buyer/seller/landlord/tenant, and Jonathan Talia, another representative from The Mansour Group, played crucial roles in the successful completion of this deal. For more information on The Mansour Group and their net leased investment offerings, please visit their website at TheMansourGroup.com.
Note from broker: Record CAP Rate & Price per SqFt. All-Cash 1031 Buyers. Visit our website at TheMansourGroup.com for more info & any of your net leased investment needs.
Players
Temecula Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93