Talia Real Estate Acquires Retail Property In Riverside County From Maha Laxmi Gas For $2.95M
1701 West Florida Avenue, Hemet, Riverside County, CA, USA
$2,950,000
$1,072/SF
Building Size
2,750 SF
Asset Type
Retail
Closing
Mar 24, 2021
AI
An investment property located at 1701 West Florida Avenue in Riverside County has been sold in a recent transaction. The property, classified as a retail asset, was sold for a sale price of $2,950,000. The property spans a total of 2,750 square feet, resulting in a price per square foot of $1,072. The transaction was completed on 03/25/2021 between the buyer, Talia Real Estate, and the seller, Maha Laxmi Gas.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,950,000
- Address: 1701 West Florida Avenue, Riverside County
- Market: Riverside County
- Buyer: Talia Real Estate
- Seller: Maha Laxmi Gas
- Asking Price: $2,800,000
- Square Footage: 2,750
- Price per Square Foot: $1,072
The deal was facilitated by Chandler J. Kelley, representing The Gas Broker™️ and Retail Link Associates. Chandler J. Kelley from The Gas Broker™️ acted as the buyer's representative in the transaction, while Retail Link Associates provided brokerage services. The involvement of these key individuals and companies in the deal highlights their role in bringing the transaction to fruition.
Hemet Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93