Progressive Real Estate Partners Brokers $8.8M Retail Sale In Colton
1035 West Vernon Avenue, Los Angeles, CA, USA
$8,800,000
$186/SF
Building Size
47,090 SF
Asset Type
Retail
Closing
Sep 16, 2021
AI
Located at 1035 S. Vernon Ave. in Colton, this retail property was recently sold for a price of $8,800,000. The property spans a total of 47,090 square feet, resulting in a price per square foot of $186. Brad Umansky, Greg Bedell, and Mike Lin of Progressive Real Estate Partners represented the parties involved in this transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,800,000
- Square Footage: 47,090
- Price per Square Foot: $186
- Address: 1035 S. Vernon Ave.
- Market: Colton
Brad Umansky, Greg Bedell, and Mike Lin, with Progressive Real Estate Partners, played a significant role in facilitating this sale.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93