Updated Oct 28, 2024
Diamond Properties Sells 1.36 Acre Retail Property In Lake Elsinore For $10.5M
160 Diamond Drive, Lake Elsinore, CA, USA
$10,500,000
$767/SF
Building Size
13,676 SF
Asset Type
Retail
Closing
Nov 29, 2021
About this deal
AI
The retail property located at 160 Diamond Drive in Lake Elsinore has been sold in a recent transaction. The property spans across 1.36 acres and offers a total of 13,676 square feet of space. The sale took place on November 29, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,500,000
- Address: 160 Diamond Drive
- Market: Lake Elsinore
- ACRES: 1.36
Diamond Properties served as the seller in this transaction. The deal was facilitated by Jeremy McChesney, Bill Asher, and Jeff Lefko from Hanley Investment Group Real Estate Advisors, along with Oliver Wang from RE/MAX Premier Properties. The property was purchased for a price of $10,500,000, translating to a price per square foot of $767.
Players
Lake Elsinore 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93