Allen Yousef Acquires Retail Property On Ramona Avenue In Chino For $7.4M
14501 Ramona Avenue & 14529 Ramona Avenue
$7,405,460
$239/SF
Building Size
30,930 SF
Asset Type
Retail
Closing
Apr 30, 2024
AI
The retail property located at 14501-14529 Ramona Avenue in Chino was sold for a total of $7,405,460. Spanning across 15,465 square feet, the property was acquired by Allen Yousef from the seller James Franchino.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,405,460
- Address: 14501-14529 Ramona Avenue
- Market: Chino
- Square Footage: 15,465
- Price per Square Foot: $479
The transaction was facilitated by James Franchino, the seller's representative, from the Zacuto Group, namely Jake Zacuto and Chase Cohen.
Players
Chino 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93