Presidio Property Trust Inc. Sells Retail Property In San Bernardino For $10M
SOLD
$10,000,000
California
See Similar DealsRetail55,810 SF
Sold 04/04/2022
SOLD
Presidio Property Trust Inc. Sells Retail Property In San Bernardino For $10M
1535 Highland Avenue, San Bernardino, California 92404, United States
See Similar DealsRetail55,810 SF
Sold 04/04/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$179
Total Square Footage:55,810 SF
Transaction Type:Sale
The retail property located at 1535 East Highland Ave. in San Bernardino has been sold for $10,000,000. The property is owned by Presidio Property Trust Inc. and was brokered by Matt Burnett of Hanley Investment Group Real Estate Advisors. The transaction took place on 04/04/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 1535 East Highland Ave.
- Market: San Bernardino
- Square Footage: 55,810
- Price Per Square Foot: $179
Matt Burnett from Hanley Investment Group Real Estate Advisors represented the seller, Presidio Property Trust Inc., in this retail property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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