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1101 Harbor Boulevard

Calbay Development Sells Retail Property In Fullerton For $6.2M With Adam Friedlander & Ryan Shea
SOLDRetail

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

Adam Friedlander

Colliers

Broker

$63.6M

vol

11 deals

Broker

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