Ramin Asemanfar Acquires Retail Property In Inland Empire For $5M
10555 Magnolia Avenue
$5,000,000
$617/SF
Building Size
8,100 SF
Asset Type
Retail
Closing
Aug 2, 2022
AI
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.
Riverside Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93