JH Real Estate Partners Acquires Property In Fontana For $70.5 Million, Seller's Rep Alex Kozakov
SOLD
California
See Similar DealsRetail309,500 SF
Sold 03/18/2022
SOLD
JH Real Estate Partners Acquires Property In Fontana For $70.5 Million, Seller's Rep Alex Kozakov
16701 Valley BLVD, Fontana, CA, 92335
See Similar DealsRetail309,500 SF
Sold 03/18/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$227
Total Square Footage:309,500 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 16701 Valley BLVD, Fontana, CA, 92335. This asset has a square footage of 309,500 and was sold for a transaction amount of $70,500,000. The market for this property is Fontana.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $70,500,000.00
- Address: 16701 Valley BLVD, Fontana, CA, 92335
- Square Footage: 309,500
- Market: Fontana
- Seller's Representative: Alex Kozakov (CBRE)
- Buyer: JH Real Estate Partners
Key individuals involved in this transaction include Alex Kozakov, representing the seller through CBRE, facilitating the deal, and JH Real Estate Partners as the buyer of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,760,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$250,471.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$334,205.97
Annual Debt Service$4,010,471.61
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