Calbay Development Sells Retail Property In Fullerton For $6.2M With Adam Friedlander & Ryan Shea
1101 Harbor Boulevard
$6,200,000
$2,066/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 19, 2020
AI
An Irvine-based real estate development company, Calbay Development, has sold a retail property located at 1101 S. Harbor Blvd in Fullerton. The transaction was facilitated by JLL Retail Capital Markets represented by broker Adam Friedlander. The property was sold for a total price of $6,200,000, with a total area of 3,000 square feet. This equates to a price per square foot of $2,067.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Date: 11/20/2020
- Address: 1101 S. Harbor Blvd, Fullerton
- Market: Fullerton
- Seller: Calbay Development - Ryan Shea
- Broker: Adam Friedlander - JLL Retail Capital Markets
This transaction showcases the successful collaboration between Calbay Development and JLL Retail Capital Markets in the sale of this retail property. The property's prime location on Harbor Blvd in Fullerton adds to its desirability and potential for future growth in the retail market.
Players
Fullerton 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93