Private Family Trust Sells 187851 SF Property At 1604 E 2nd St Beaumont With Daniel Tyner As Buyer's Rep
SOLD
California
See Similar DealsOther187,851 SF
SOLD
Private Family Trust Sells 187851 SF Property At 1604 E 2nd St Beaumont With Daniel Tyner As Buyer's Rep
1604 E 2nd St, Beaumont, CA, 92223
See Similar DealsOther187,851 SF
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$0
Total Square Footage:187,851 SF
Transaction Type:Sale
The property involved in the transaction is Marketplace Beaumont, a shopping center located at 1604 E 2nd St, Beaumont, CA, 92223. It spans 51.7 acres and consists of a total of 187,851 square feet. At the time of sale, the property was 91 percent occupied with notable tenants including ALDI, Ross Dress for Less, Best Buy, Petco, and Bed Bath & Beyond.
Summary of transaction details:
- Property Type: Shopping Center
- Transaction Amount: Not specified
- Address: 1604 E 2nd St, Beaumont, CA, 92223
- Market: Beaumont
- Buyer: Unknown
- Seller: Private Family Trust
- Buyer's Representative: Daniel Tyner-JLL
- Seller's Representatives: Aldon Cole and Pat Burger-JLL
- Square Footage: 187,851
JLL Capital Markets was instrumental in brokering the sale of the shopping center. Gleb Lvovich and Daniel Tyner of JLL Retail Capital Markets represented the buyer, while Aldon Cole and Pat Burger from JLL Debt Advisory team represented the seller. The private family trust originally developed the center and was assisted by JLL in structuring the existing financing for this deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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