Phil Nickelson Acquires Retail Property In Chino For $5.7M
SOLD
$5,700,000
California
See Similar DealsRetail30,388 SF
Sold 01/31/2023
SOLD
Phil Nickelson Acquires Retail Property In Chino For $5.7M
14694 Pipeline Avenue
See Similar DealsRetail30,388 SF
Sold 01/31/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$187
Total Square Footage:30,388 SF
Transaction Type:Sale
A retail property located at 14694 Pipeline Avenue in Chino has been sold for a price of $5,700,000. The property spans over an area of 30,388 square feet, resulting in a price per square foot of $188. The transaction took place on January 31, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 14694 Pipeline Avenue, Chino
- Square Footage: 30,388
- Price per Square Foot: $188
Phil Nickelson acted as the buyer for this transaction, while Pipeline Investments - Siamack Kohanoff represented the seller. The deal was facilitated by Henry Lee & Justin Kohanoff from Westgate Property Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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