Updated Sep 9, 2024
Faris Lee Investments Represents Buyer In $20.5M Anaheim Retail Sale
1500 N Lemon St, Anaheim, CA, USA
$20,500,000
$1,335/SF
Building Size
15,356 SF
Asset Type
Retail
Closing
Aug 9, 2021
About this deal
AI
Located at 1500 N. Lemon St. in Anaheim, this retail property was recently sold in a closed transaction. The deal was facilitated by Scott DeYoung and Jeff Conover of Faris Lee Investments, who represented the buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,500,000
- Square Footage: 15,356
- Price per Square Foot: $1,334
The property's sale price was $20,500,000, with a total area of 15,356 square feet. The buyer's representatives, Scott DeYoung and Jeff Conover of Faris Lee Investments, successfully facilitated the transaction in the Anaheim market. This transaction marks another successful deal for the experienced team at Faris Lee Investments.
Players
Anaheim 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93