Ramin Asemanfar Acquires Retail Property In Inland Empire For $5M
SOLD
$5,000,000
California
See Similar DealsRetail8,100 SF
Sold
SOLD
Ramin Asemanfar Acquires Retail Property In Inland Empire For $5M
10555 Magnolia Avenue
See Similar DealsRetail8,100 SF
Sold
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
Details
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
30 years
10 years
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
Is there something missing? Send suggestions
