Updated Oct 29, 2024
Centurion Fuchigami International Inc Acquires Office Building On Alessandro Blvd For $7M
22555 Alessandro Blvd, Moreno Valley, CA 92553, USA
$7,000,000
$478/SF
Building Size
14,616 SF
Asset Type
Office
Closing
May 7, 2020
About this deal
AI
The office property located at 22555 Alessandro Blvd in Moreno Valley has been sold in a closed transaction. Centurion Fuchigami International Inc acquired the property for $7,000,000. The property spans an area of 14,616 square feet, resulting in a price per square foot of $478.
Summary of transation details
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 22555 Alessandro Blvd
- Market: Moreno Valley
- Buyer: Centurion Fuchigami International Inc
- Buyer's Representative: Terry Okuyama - Berkshire Hathaway
- Seller's Representatives: Sammy Cemo, Gary Stache, Anthony DeLorenzo, Doug Mack, Bryan Johnson - CBRE
- Square Footage: 14,616
- Price per Square Foot: $478
Terry Okuyama from Berkshire Hathaway represented the buyer, Centurion Fuchigami International Inc in this transaction. The seller's representatives were Sammy Cemo, Gary Stache, Anthony DeLorenzo, Doug Mack, and Bryan Johnson from CBRE.
On the Map
$7,000,000
$478/SF
Office
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Players
Moreno Valley Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93