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15776 Main St

CBRE Brokers Alan Krueger & Vanessa Haddad Facilitate $5.4M Retail Sale In Hesperia
SOLDRetail

CBRE Brokers Alan Krueger & Vanessa Haddad Facilitate $5.4M Retail Sale In Hesperia

15776 Main St

$5,400,000

$135/SF

Building Size

39,877 SF

Asset Type

Retail

Closing

May 7, 2020

AI

Located at 15776 Main St in Hesperia, this retail property recently changed hands in a sale transaction. The property spans a total area of 39,877 square feet and was sold for a total price of $5,400,000, resulting in a price per square foot of $135. The deal was finalized on 05/07/2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,400,000
  • Address: 15776 Main St
  • Market: Hesperia
  • Square Footage: 39,877

The sale of this retail property was facilitated by CBRE brokers, Alan Krueger and Vanessa Haddad. They represented the respective parties involved in the transaction, and their expertise played a crucial role in successfully finalizing the deal.

Players

Alan Krueger

CBRE

Broker

$26.8M

vol

4 deals

Broker

Hesperia 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93