Updated Feb 16, 2024
Community Bank Provides $5.5M Acquisition Loan For Retail Property At 32450 Clinton Keith Rd
32450 Clinton Keith Road, Wildomar, California, USA
$5,500,000
$318/SF
Building Size
17,272 SF
Asset Type
Retail
Closing
Sep 30, 2021
About this deal
AI
The retail property located at 32450 Clinton Keith Rd in Southern California was recently involved in a closed transaction. The property spans 17,272 square feet and was acquired by an undisclosed buyer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 32450 Clinton Keith Rd
- Market: Southern California
- Lender: Community Bank
- Landlord: Margaret Wang
- Loan Type: Acquisition
- Loan Terms: 7 year fixed at 3.5% with a 25 year amortization
The buyer secured a loan from Community Bank for the acquisition of the property. The loan amount was $5,500,000 with a 7-year fixed term at a rate of 3.5%. The amortization period for the loan is 25 years.
Players
Wildomar Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93