Presidio Property Trust Inc. Sells Retail Property In San Bernardino For $10M
1535 Highland Avenue, San Bernardino, California 92404, United States
$10,000,000
$179/SF
Building Size
55,810 SF
Asset Type
Retail
Closing
Apr 3, 2022
AI
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.
San Bernardino 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93