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580 Inland Center LLC Acquires Other Property In San Bernardino For $4.1M

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Eric Cohen

$4,100,000

SOLD
$4,100,000

California

See Similar Deals
Other161,172 SF
Sold 05/09/2019
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Eric Cohen

$4,100,000

SOLD

580 Inland Center LLC Acquires Other Property In San Bernardino For $4.1M

580 Inland Center Dr, San Bernardino, CA, USA

See Similar Deals
Other161,172 SF
Sold 05/09/2019
Contact now

Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$25
Total Square Footage:161,172 SF
Transaction Type:Sale

The property involved in this transaction is located at 580 Inland Center Dr in the San Bernardino market. It has a sale price and asking price of $4,100,000 and encompasses a total square footage of 161,172. The asset type is categorized as other and is noted as a Harbor Freight Retail Anchored Shopping Center.

Summary of transaction details:

  • Property Type: Other
  • Transaction Amount: $4,100,000
  • Address: 580 Inland Center Dr
  • Market: San Bernardino
  • Seller: Mill Capital LLC
  • Buyer: 580 Inland Center LLC
  • Broker: Eric Cohen

Eric Cohen acted as the broker representing both the buyer and the seller in this transaction, facilitating the acquisition of the property by 580 Inland Center LLC from Mill Capital LLC.

Players

8 deals$31M volume
BROKER

Details

SOLD
IMAGE: Eric Cohen DATE: 05/09/2019 ADDRESS: 580 Inland Center Dr MARKET: San Bernardino ASSET TYPE: Other SELLER: Mill Capital LLC BUYER: 580 Inland Center LLC BROKER: Eric Cohen ASKING PRICE: $4,100,000 SALE PRICE: $4,100,000 SF: 161,172 NOTE: Harbor Freight Retail Anchored Shopping Center

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$218,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10