Progressive Real Estate Partners Sells Retail Property In Moreno Valley For $2.8M
12650 Day Street, Moreno Valley, California 92553, United States
$2,800,000
$215/SF
Building Size
13,000 SF
Asset Type
Retail
Closing
Aug 31, 2022
AI
The retail property located at 12650 Day St. in Moreno Valley has been sold for $2,800,000. The property has a total area of 13,000 square feet, resulting in a price per square foot of $215. The transaction took place on September 1, 2022 and involved the seller, Gateway Co.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 12650 Day St.
- Market: Moreno Valley
The sale of the property was facilitated by Progressive Real Estate Partners, with Pablo Velasco and Albert Lopez serving as the brokers representing the seller, Gateway Co. There are no additional details available regarding the deal.
Players
Moreno 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93