Updated Oct 28, 2024
Red Mountain Group Acquires Retail Property In Chino For $42.25M
11901 Central Avenue, Chino, California 91710, United States
$42,250,000
$7,829/SF
Building Size
5,396 SF
Asset Type
Retail
Closing
May 8, 2022
About this deal
AI
Located at 11901-12089 Central Avenue in Chino, this retail property was recently sold. The property spans a total area of 168,264 square feet and was sold at a price of $42,250,000, resulting in a price per square foot of $251. The transaction took place on 05/09/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $42,250,000
- Address: 11901-12089 Central Avenue, Chino
- Market: Chino
The buyer of this retail property is Red Mountain Group, represented by Michael H. Mugel. On the other hand, Pete Bethea, Rob Ippolito, and Glenn Rudy from Newmark acted as the seller's representatives.
Players
Chino 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93