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
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93