Hanley Investment Group Sells McDonald's Property In Fountain Valley For $3.8M
11321 Talbert Avenue
$3,800,000
$1,085/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Jul 2, 2024
AI
The retail property located at 11321 Talbert Avenue in Fountain Valley was sold for $3,800,000. The transaction involved a 3,500 square foot McDonald's property on a triple-net ground lease. The sale was facilitated by Hanley Investment Groupand Oaks Commercial Real Estate, with the seller being a Newport Beach-based family trust.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Address: 11321 Talbert Avenue
- Market: Fountain Valley
- Square Footage: 3,500
- Price per Square Foot: $1,086
- Buyer's Rep: Robert Tran - HPT Realty
- Seller's Rep: Bill Asher & Jeff Lefko - Hanley Investment Group; Fred Encinas - Oaks Commercial Real Estate
The $3.8 million sale of the McDonald's property at 11321 Talbert Ave. was orchestrated as an all-cash transaction with a 1031 exchange buyer. The deal was arranged by various real estate professionals, signaling a successful transfer of ownership in the Fountain Valley market.
Players
Fountain Valley 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93