facebook
Traded Co logo
Submit

Ramin Asemanfar Acquires Retail Property In Inland Empire For $5M

Property Image
SOLD
$5,000,000

California

See Similar Deals
Retail8,100 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Ramin Asemanfar Acquires Retail Property In Inland Empire For $5M

10555 Magnolia Avenue

See Similar Deals
Retail8,100 SF
Sold
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$617
Total Square Footage:8100 SF
Transaction Type:Sale

A retail property located at 10555 Magnolia Ave. in Inland Empire has been sold for a total price of $5,000,000. The property spans 8,100 square feet, resulting in a price per square foot of $617. The transaction took place on August 2, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,000,000
  • Square Footage: 8,100
  • Price per Square Foot: $617

Ramin Asemanfar acquired the property from Tony DiAngelo. The deal was facilitated by Chandler J. Kelley from Retail Link Associates.

Players

Chandler J Kelley
11 deals$46M volume
BROKER

Details

SOLD
IMAGE: Chandler J. Kelley DATE: 08/02/2022 ADDRESS: 10555 Magnolia Ave. MARKET: Inland Empire ASSET TYPE: Retail BUYER: Ramin Asemanfar SELLER: Tony DiAngelo BROKER: Chandler J. Kelley (@Sellbikerun) - Retail Link Associates SALE PRICE: $5,000,000 SF: 8,100 ~ PPSF: $617

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61