facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

14694 Pipeline Avenue

Phil Nickelson Acquires Retail Property In Chino For $5.7M
SOLDRetail

Phil Nickelson Acquires Retail Property In Chino For $5.7M

14694 Pipeline Avenue

$5,700,000

$187/SF

Building Size

30,388 SF

Asset Type

Retail

Closing

Jan 31, 2023

AI

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

Justin Kohanoff

Broker

$107.5M

vol

12 deals

Broker

Chino Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93