Adam Friedlander's Beta Agency Sells Rally's Fast-Food Restaurant In Porterville For $2.03M
1230 West Henderson Avenue
$2,030,000
$67/SF
Building Size
30,056 SF
Asset Type
Retail
Closing
Dec 14, 2023
AI
Beta Agency, headquartered in El Segundo, has concluded the $2,030,000 sale of a Rally's fast-food restaurant in Porterville. The property is located at 1230 West Henderson Avenue and has a total square footage of 30,056. The sale price per square foot is $68, reflecting the vibrant commercial real estate market in Porterville.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,030,000
- Square Footage: 30,056
- Price per Square Foot: $68
- Address: 1230 West Henderson Avenue, Porterville
- Market: Porterville
The deal was facilitated by Senior Vice President Adam Friedlander of Beta Agency, who represented both parties involved. This successful sale of the Rally's fast-food restaurant showcases the thriving commercial real estate market in Porterville.
Players
Porterville 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
7.81%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93