Updated Oct 28, 2024
Red Mountain Group Acquires Retail Property In Chino For $42.2M
12013 Central Avenue, Chino, California 91710, United States
$42,200,000
$250/SF
Building Size
168,264 SF
Asset Type
Retail
Closing
May 10, 2022
About this deal
AI
Red Mountain Group has acquired a retail property located at 12013 Central Ave. in Chino. The property spans 168,264 square feet and was sold for a total of $42,200,000, resulting in a price per square foot of $250. The deal was facilitated by brokers Pete Bethea, Rob Ippolito, and Glenn Rudy from Newmark.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $42,200,000
- Address: 12013 Central Ave., Chino
- Market: Chino
- Buyer: Red Mountain Group
- Brokers: Pete Bethea, Rob Ippolito, and Glenn Rudy - Newmark
Rob Ippolito, Pete Bethea, and Glenn Rudy from Newmark represented Red Mountain Group in this transaction.
On the Map
$42,200,000
$250/SF
Retail
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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