CBRE Brokers Alan Krueger & Vanessa Haddad Facilitate $5.4M Retail Sale In Hesperia
SOLD
$5,400,000
California
See Similar DealsRetail39,877 SF
Sold 05/07/2020
SOLD
CBRE Brokers Alan Krueger & Vanessa Haddad Facilitate $5.4M Retail Sale In Hesperia
15776 Main St
See Similar DealsRetail39,877 SF
Sold 05/07/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$135
Total Square Footage:39,877 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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