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Adam Friedlander's Beta Agency Sells Rally's Fast-Food Restaurant In Porterville For $2.03M
SOLD
$2,030,000
California
See Similar DealsRetail30,056 SF
Sold
SOLD
Adam Friedlander's Beta Agency Sells Rally's Fast-Food Restaurant In Porterville For $2.03M
1230 West Henderson Avenue
See Similar DealsRetail30,056 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$67
Total Square Footage:30056 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,212.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,623.24
Annual Debt Service$115,478.83
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