Fontana Retail Property Sold For $5.1M By SBH Real Estate Group And Acquired By Carosella Properties
SOLD
$5,100,000
California
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Sold
SOLD
Fontana Retail Property Sold For $5.1M By SBH Real Estate Group And Acquired By Carosella Properties
17064 Sierra Lakes Parkway, Fontana, California 92336, United States
See Similar DealsRetail
Sold
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 17064 Sierra Lakes Parkway in Fontana, CA was recently sold for $5,100,000. The transaction took place on November 14, 2022. The property spans over 2 acres and is owned by SBH Real Estate Group. The sale was facilitated by Eric Silverman, representing the seller. Tom Carosella of Carosella Properties served as the buyer's representative. Jeremy McChesney, from Hanley Investment, acted as the seller's agent.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,100,000
- Address: 17064 Sierra Lakes Parkway
- Market: Fontana, CA
- Acres: 2
Jeremy McChesney's involvement in the deal as the seller's agent adds to the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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