Updated Jan 28, 2025
Victor Buendia Of Progressive Real Estate Partners Represents Both Seller And Buyer In $5.2M Retail Sale
130 West Valley Boulevard
$5,200,000
$5,627/SF
Building Size
924 SF
Asset Type
Retail
Closing
Jan 23, 2025
About this deal
AI
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.
Players
Colton 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93