Updated Oct 29, 2024
Sixth & Sierra LLC Acquires Retail Property In Norco, CA For $2.9M
1468 6th Street
$2,900,000
$500/SF
Building Size
5,796 SF
Asset Type
Retail
Closing
Dec 21, 2022
About this deal
AI
A retail property located at 1468 6th Street in Norco, CA recently changed hands in a sale transaction. The property has a total area of 5,796 square feet and was sold for a price of $2,900,000, resulting in a price per square foot of $500. The sale took place on 12/21/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 1468 6th Street, Norco, CA
- Square Footage: 5,796
- Price per Square Foot: $500
- Buyer: Sixth & Sierra LLC - Arash Mohammodzadeh
- Seller: Norco Gateway LLC - William Hardesty
- Broker: Veronique Collin - May Realty Advisors
The buyer in this transaction is Sixth & Sierra LLC, represented by Arash Mohammodzadeh. The seller is Norco Gateway LLC, represented by William Hardesty. Veronique Collin from May Realty Advisors acted as the broker in the deal.
Norco, CA 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93