Updated Oct 28, 2024
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
About this deal
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