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Victor Buendia Of Progressive Real Estate Partners Represents Both Seller And Buyer In $5.2M Retail Sale
SOLD
$5,200,000
California
See Similar DealsRetail924 SF
Sold
SOLD
Victor Buendia Of Progressive Real Estate Partners Represents Both Seller And Buyer In $5.2M Retail Sale
130 West Valley Boulevard
See Similar DealsRetail924 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$5,627
Total Square Footage:924 SF
Transaction Type:Sale
This transaction involved the sale of a retail property located at 130 West Valley Boulevard in Colton. The property, a single-tenant Mobil Gas Station, sold for $5,200,000. It has a square footage of 924, resulting in a price per square foot of $5,628.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000
- Sale Date: 01/23/2025
- Broker: Victor Buendia - Progressive Real Estate Partners
- Buyer: Inland Empire-based private investor
- Seller: Not disclosed
Victor Buendia from Progressive Real Estate Partners facilitated this transaction, representing both the seller and the buyer. The buyer plans to renovate the convenience store as part of their investment strategy.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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